Diamond Hill Capital Management Inc. Has $41.69 Million Stock Holdings in Cimpress plc (NASDAQ:CMPR)

Diamond Hill Capital Management Inc. grew its holdings in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 55.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 921,661 shares of the business services provider's stock after acquiring an additional 329,466 shares during the quarter. Diamond Hill Capital Management Inc. owned about 3.66% of Cimpress worth $41,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. ArrowMark Colorado Holdings LLC lifted its holdings in Cimpress by 30.0% in 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 during the period. Janus Henderson Group PLC lifted its stake in shares of Cimpress by 6.8% in the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider's stock worth $218,126,000 after acquiring an additional 194,034 shares during the period. Millennium Management LLC boosted its holdings in shares of Cimpress by 331.9% in the fourth quarter. Millennium Management LLC now owns 110,872 shares of the business services provider's stock valued at $7,952,000 after acquiring an additional 85,201 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Cimpress during the first quarter valued at approximately $2,375,000. Finally, Norges Bank acquired a new position in shares of Cimpress during the fourth quarter valued at approximately $3,544,000. Institutional investors own 77.64% of the company's stock.

Cimpress Price Performance

Shares of CMPR stock traded down $0.32 on Thursday, hitting $48.47. The company's stock had a trading volume of 186,524 shares, compared to its average volume of 289,450. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.27 and a beta of 1.77. Cimpress plc has a fifty-two week low of $35.21 and a fifty-two week high of $104.92. The firm's fifty day moving average price is $45.47 and its 200-day moving average price is $49.14.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.94). Cimpress had a net margin of 4.61% and a negative return on equity of 27.85%. The company had revenue of $789.47 million for the quarter, compared to the consensus estimate of $798.02 million. Analysts predict that Cimpress plc will post 3.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Cimpress 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.