Acadian Asset Management LLC Sells 82,794 Shares of Cimpress plc $CMPR

Key Points

• Acadian Asset Management LLC reduced its stake in Cimpress plc by 16.4% during the first quarter, holding 423,460 shares worth approximately $19.14 million.
• Several institutional investors, including Signaturefd LLC and Ameriprise Financial Inc., have significantly increased their stakes in Cimpress, indicating growing investor interest.
• Cimpress recently received mixed analyst ratings, with Barrington Research setting a price target of $70.00 and a downgrade from Wall Street Zen to a "hold" rating.

Acadian Asset Management LLC decreased its stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,460 shares of the business services provider's stock after selling 82,794 shares during the period. Acadian Asset Management LLC owned 1.70% of Cimpress worth $19,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cimpress by 2.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,710 shares of the business services provider's stock worth $696,000 after purchasing an additional 267 shares in the last quarter. Signaturefd LLC lifted its holdings in Cimpress by 341.6% during the 1st quarter. Signaturefd LLC now owns 605 shares of the business services provider's stock worth $27,000 after buying an additional 468 shares in the last quarter. Summit Securities Group LLC acquired a new position in Cimpress during the 1st quarter worth $32,000. Headlands Technologies LLC bought a new position in Cimpress in the 1st quarter valued at $34,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Cimpress by 15.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,795 shares of the business services provider's stock valued at $262,000 after buying an additional 789 shares during the period. Institutional investors and hedge funds own 77.64% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CMPR. Wall Street Zen lowered Cimpress from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Truist Financial upped their target price on shares of Cimpress from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Barrington Research lifted their price target on shares of Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Cimpress presently has an average rating of "Buy" and a consensus price target of $74.00.

Cimpress Stock Up 1.4%

Shares of NASDAQ:CMPR traded up $0.88 during midday trading on Wednesday, reaching $63.53. 80,184 shares of the company were exchanged, compared to its average volume of 237,154. The firm has a market cap of $1.56 billion, a PE ratio of 124.56 and a beta of 1.79. Cimpress plc has a fifty-two week low of $35.21 and a fifty-two week high of $86.76. The stock has a fifty day simple moving average of $55.69 and a two-hundred day simple moving average of $48.09.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($1.99). The firm had revenue of $869.48 million during the quarter, compared to analyst estimates of $844.24 million. Cimpress had a net margin of 0.44% and a negative return on equity of 2.64%. Cimpress has set its FY 2026 guidance at EPS. As a group, analysts forecast that Cimpress plc will post 3.69 earnings per share for the current year.

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.