MetLife Investment Management LLC Decreases Stake in Cimpress plc (NASDAQ:CMPR)

MetLife Investment Management LLC cut its stake in shares of Cimpress plc (NASDAQ:CMPR) by 8.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 9,558 shares of the business services provider’s stock after selling 899 shares during the quarter. MetLife Investment Management LLC’s holdings in Cimpress were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Cimpress by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock valued at $2,375,000 after acquiring an additional 308 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Cimpress by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 334 shares during the period. Victory Capital Management Inc. boosted its holdings in Cimpress by 14.8% in the third quarter. Victory Capital Management Inc. now owns 3,274 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 423 shares during the last quarter. CWM LLC boosted its stake in shares of Cimpress by 51.4% in the third quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after buying an additional 427 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Cimpress by 20.1% in the second quarter. Mackenzie Financial Corp now owns 2,856 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 477 shares during the period. 77.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on CMPR. Barrington Research raised their price objective on shares of Cimpress from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Finally, Truist Financial lowered their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Cimpress Stock Performance

NASDAQ:CMPR opened at $80.01 on Friday. The company has a fifty day moving average of $79.06 and a two-hundred day moving average of $84.59. Cimpress plc has a fifty-two week low of $58.05 and a fifty-two week high of $104.92. The stock has a market capitalization of $2.01 billion, a PE ratio of 13.75, a P/E/G ratio of 0.70 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). The firm had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Research analysts forecast that Cimpress plc will post 4.27 earnings per share for the current year.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.