Connor Clark & Lunn Investment Management Ltd. Raises Stake in Cimpress plc (NASDAQ:CMPR)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Cimpress plc by 6.3%, owning 145,361 shares valued at $6.58 million as of the latest SEC filing.
• Cimpress stock experienced a significant increase of 5.5% and has a market cap of $1.43 billion, with a P/E ratio of 114.55.
• Analysts have mixed opinions on Cimpress, with Truist Financial setting a price target of $74 and Barrington Research raising theirs to $70, indicating a positive outlook.

Connor Clark & Lunn Investment Management Ltd. boosted its position in Cimpress plc (NASDAQ:CMPR - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,361 shares of the business services provider's stock after acquiring an additional 8,637 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.58% of Cimpress worth $6,575,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CMPR. Janus Henderson Group PLC raised its holdings in Cimpress by 6.8% during the fourth quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider's stock worth $218,126,000 after purchasing an additional 194,034 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Cimpress by 55.6% during the first quarter. Diamond Hill Capital Management Inc. now owns 921,661 shares of the business services provider's stock worth $41,687,000 after purchasing an additional 329,466 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in Cimpress by 30.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider's stock worth $63,406,000 after purchasing an additional 203,806 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Cimpress by 3.5% during the fourth quarter. Nuveen Asset Management LLC now owns 703,955 shares of the business services provider's stock worth $50,488,000 after purchasing an additional 24,040 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Cimpress by 6.8% during the fourth 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. Institutional investors and hedge funds own 77.64% of the company's stock.

Cimpress Price Performance

Shares of CMPR traded down $1.10 during mid-day trading on Friday, reaching $59.06. 216,476 shares of the company's stock were exchanged, compared to its average volume of 266,323. The stock has a market capitalization of $1.45 billion, a PE ratio of 115.81 and a beta of 1.70. The business's fifty day simple moving average is $48.99 and its 200-day simple moving average is $47.07. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $102.22.

Cimpress (NASDAQ:CMPR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($1.99). Cimpress had a negative return on equity of 2.64% and a net margin of 0.44%. The business had revenue of $869.48 million for the quarter, compared to analysts' expectations of $844.24 million. Equities research analysts predict that Cimpress plc will post 3.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barrington Research raised their price objective on shares of Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Truist Financial set a $74.00 target price on shares of Cimpress and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of Cimpress from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th.

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.