D. E. Shaw & Co. Inc. Sells 8,250 Shares of Cimpress plc (NASDAQ:CMPR)

D. E. Shaw & Co. Inc. lowered its stake in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,072 shares of the business services provider's stock after selling 8,250 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.16% of Cimpress worth $2,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMPR. ArrowMark Colorado Holdings LLC increased its position 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 acquiring an additional 203,806 shares during the period. Diamond Hill Capital Management Inc. increased its position in Cimpress by 31.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider's stock worth $42,472,000 after acquiring an additional 141,942 shares during the period. Norges Bank bought a new stake in Cimpress in the 4th quarter valued at $3,544,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Cimpress by 39.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,724 shares of the business services provider's stock valued at $9,806,000 after buying an additional 38,402 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Cimpress by 169.9% in the 4th quarter. JPMorgan Chase & Co. now owns 59,209 shares of the business services provider's stock valued at $4,246,000 after buying an additional 37,272 shares during the period. Institutional investors own 77.64% of the company's stock.

Cimpress Stock Performance

Shares of NASDAQ:CMPR traded down $0.83 on Friday, hitting $42.23. The stock had a trading volume of 176,384 shares, compared to its average volume of 175,033. Cimpress plc has a twelve month low of $35.21 and a twelve month high of $104.92. The firm's 50 day moving average price is $43.09 and its 200-day moving average price is $58.65. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 0.50 and a beta of 1.82.

Cimpress (NASDAQ:CMPR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.94). The company had revenue of $789.47 million for the quarter, compared to analyst estimates of $798.02 million. Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. As a group, sell-side analysts predict that Cimpress plc will post 3.69 EPS for the current year.

Insider Buying and Selling

In other Cimpress news, CFO Sean Edward Quinn bought 5,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $41.50 per share, for a total transaction of $207,500.00. Following the transaction, the chief financial officer now owns 20,224 shares in the company, valued at approximately $839,296. This trade represents a 32.84% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 17.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barrington Research lowered their price target on shares of Cimpress from $95.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Wall Street Zen lowered shares of Cimpress from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Finally, Truist Financial lowered their price target on shares of Cimpress from $87.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, May 5th.

About Cimpress

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.