Millennium Management LLC Has $7.95 Million Position in Cimpress plc (NASDAQ:CMPR)

Millennium Management LLC increased its stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 331.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,872 shares of the business services provider's stock after purchasing an additional 85,201 shares during the quarter. Millennium Management LLC owned approximately 0.44% of Cimpress worth $7,952,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in shares of Cimpress by 8.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 100,087 shares of the business services provider's stock worth $7,178,000 after purchasing an additional 7,535 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Cimpress by 9.1% during the 4th quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider's stock worth $11,403,000 after purchasing an additional 13,297 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Cimpress by 118.8% during the 4th quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider's stock worth $563,000 after purchasing an additional 4,261 shares in the last quarter. Northern Trust Corp raised its stake in shares of Cimpress by 6.8% during the 4th quarter. Northern Trust Corp now owns 171,880 shares of the business services provider's stock worth $12,327,000 after purchasing an additional 10,876 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Cimpress by 27.4% during the 4th quarter. Bank of New York Mellon Corp now owns 68,505 shares of the business services provider's stock worth $4,913,000 after purchasing an additional 14,735 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cimpress

In other news, CFO Sean Edward Quinn acquired 5,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $41.50 per share, with a total value of $207,500.00. Following the acquisition, the chief financial officer now owns 20,224 shares of the company's stock, valued at $839,296. This trade represents a 32.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMPR. Truist Financial cut their price objective on Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Barrington Research cut their price objective on Cimpress from $95.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Wall Street Zen downgraded Cimpress from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th.

Cimpress Trading Down 2.2%

CMPR traded down $0.96 during midday trading on Wednesday, reaching $42.92. The company's stock had a trading volume of 198,532 shares, compared to its average volume of 175,365. The stock has a market cap of $1.07 billion, a P/E ratio of 7.11, a PEG ratio of 0.50 and a beta of 1.82. The company has a fifty day simple moving average of $43.02 and a 200 day simple moving average of $58.29. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.94). The business had revenue of $789.47 million during the quarter, compared to analyst estimates of $798.02 million. Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. Sell-side analysts expect 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.