AQR Capital Management LLC Grows Stock Position in Cimpress plc $CMPR

Key Points

• AQR Capital Management LLC has increased its stake in Cimpress plc by 129.6%, owning 156,702 shares valued at approximately $7.1 million as of the latest SEC filing.
• Several hedge funds have also adjusted their positions in Cimpress, with Northern Trust Corp boosting its holdings by 6.8% during the previous quarter.
• Analysts have mixed ratings on Cimpress, with Wall Street Zen downgrading it to a "hold" while Barrington Research increased the target price, maintaining an "outperform" rating.

AQR Capital Management LLC raised its position in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 129.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,702 shares of the business services provider's stock after acquiring an additional 88,466 shares during the quarter. AQR Capital Management LLC owned approximately 0.63% of Cimpress worth $7,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. increased its holdings in shares of Cimpress by 55.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 921,661 shares of the business services provider's stock valued at $41,687,000 after purchasing an additional 329,466 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Cimpress by 3.5% in the fourth quarter. Nuveen Asset Management LLC now owns 703,955 shares of the business services provider's stock valued at $50,488,000 after purchasing an additional 24,040 shares during the last quarter. Bandera Partners LLC acquired a new stake in shares of Cimpress in the first quarter valued at approximately $10,403,000. Northern Trust Corp increased its holdings in shares of Cimpress by 6.8% in the fourth quarter. Northern Trust Corp now owns 171,880 shares of the business services provider's stock valued at $12,327,000 after purchasing an additional 10,876 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Cimpress in the first quarter valued at approximately $6,662,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial increased their price target on Cimpress from $74.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday. Barrington Research increased their price target on Cimpress from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Wall Street Zen cut Cimpress from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $74.00.

Cimpress Stock Performance

Shares of CMPR traded down $0.47 during midday trading on Wednesday, hitting $62.18. 342,905 shares of the stock were exchanged, compared to its average volume of 212,571. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $86.76. The stock has a fifty day simple moving average of $55.97 and a 200 day simple moving average of $48.19. The firm has a market cap of $1.52 billion, a P/E ratio of 121.92 and a beta of 1.79.

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