AQR Capital Management LLC Increases Stock Holdings in Cimpress plc (NASDAQ:CMPR)

AQR Capital Management LLC boosted its position in shares of Cimpress plc (NASDAQ:CMPR) by 30.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,770 shares of the business services provider’s stock after acquiring an additional 15,666 shares during the period. AQR Capital Management LLC owned 0.27% of Cimpress worth $5,937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Cimpress by 5.3% during the first quarter. Vanguard Group Inc. now owns 1,812,047 shares of the business services provider’s stock worth $160,384,000 after purchasing an additional 91,543 shares in the last quarter. Lazard Asset Management LLC grew its stake in Cimpress by 9,821.4% in the 1st quarter. Lazard Asset Management LLC now owns 156,361 shares of the business services provider’s stock worth $13,838,000 after buying an additional 154,785 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Cimpress by 4.4% in the 1st quarter. Acadian Asset Management LLC now owns 357,732 shares of the business services provider’s stock worth $31,644,000 after buying an additional 15,157 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Cimpress by 15.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 423,526 shares of the business services provider’s stock valued at $37,105,000 after buying an additional 57,427 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of Cimpress during the 2nd quarter worth $2,208,000. Institutional investors own 77.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CMPR. Truist Financial upped their price objective on Cimpress from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barrington Research increased their price target on shares of Cimpress from $113.00 to $119.00 and gave the company an “outperform” rating in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded shares of Cimpress from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st.

Cimpress Trading Up 3.8 %

CMPR opened at $80.31 on Friday. Cimpress plc has a 12 month low of $57.01 and a 12 month high of $104.92. The business’s 50-day moving average price is $87.50 and its 200-day moving average price is $87.87. The company has a market cap of $2.04 billion, a P/E ratio of 24.79, a P/E/G ratio of 0.67 and a beta of 2.03.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $3.56. The business had revenue of $832.61 million for the quarter, compared to analysts’ expectations of $832.90 million. Cimpress had a negative return on equity of 29.56% and a net margin of 5.28%. Equities research analysts forecast that Cimpress plc will post 4.4 earnings per share for the current fiscal year.

Insider Activity at Cimpress

In other Cimpress news, CFO Sean Edward Quinn sold 24,093 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $98.48, for a total value of $2,372,678.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Cimpress news, CFO Sean Edward Quinn sold 24,093 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $98.48, for a total transaction of $2,372,678.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert S. Keane sold 45,310 shares of Cimpress stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $99.09, for a total value of $4,489,767.90. Following the completion of the sale, the chief executive officer now owns 1,012,890 shares in the company, valued at approximately $100,367,270.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,116 shares of company stock worth $7,019,606 in the last three months. 17.90% of the stock is owned by insiders.

Cimpress Company Profile

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.