Mackenzie Financial Corp Has $459,000 Position in Cimpress plc (NASDAQ:CMPR)

Key Points

• Mackenzie Financial Corp reduced its stake in Cimpress plc (NASDAQ:CMPR) by 50.4%, owning 10,149 shares worth $459,000 after selling 10,311 shares during the first quarter.
• Brokerage analysts have recently raised price targets for Cimpress: Barrington Research increased their target to $70.00, while Truist Financial set a target at $74.00, both giving the company a "buy" rating.
• Cimpress reported a quarterly loss of ($1.02) earnings per share in its latest earnings announcement, missing expectations, but achieved revenue of $869.48 million which surpassed the consensus estimate.

Mackenzie Financial Corp lessened its holdings in shares of Cimpress plc (NASDAQ:CMPR - Free Report) by 50.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,149 shares of the business services provider's stock after selling 10,311 shares during the period. Mackenzie Financial Corp's holdings in Cimpress were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. 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. 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. Millennium Management LLC raised its holdings in Cimpress by 331.9% during the fourth quarter. Millennium Management LLC now owns 110,872 shares of the business services provider's stock worth $7,952,000 after purchasing an additional 85,201 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in Cimpress during the first quarter worth approximately $2,375,000. Institutional investors own 77.64% of the company's stock.

Wall Street Analysts Forecast Growth

CMPR has been the topic of several recent analyst reports. Barrington Research boosted their target price on Cimpress from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Wall Street Zen cut Cimpress from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Truist Financial set a $74.00 target price on Cimpress and gave the stock a "buy" rating in a report on Wednesday, July 30th.

Cimpress Stock Performance

Shares of NASDAQ CMPR traded up $1.91 during trading on Tuesday, hitting $57.26. The company had a trading volume of 61,580 shares, compared to its average volume of 239,456. The company has a market cap of $1.42 billion, a P/E ratio of 112.28 and a beta of 1.70. Cimpress plc has a 52 week low of $35.21 and a 52 week high of $102.22. The business's 50-day moving average is $47.83 and its 200 day moving average is $47.28.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($1.99). The company had revenue of $869.48 million during the quarter, compared to the consensus estimate of $844.24 million. Cimpress had a net margin of 0.44% and a negative return on equity of 2.67%. On average, research analysts expect that Cimpress plc will post 3.69 EPS 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.