Geode Capital Management LLC Lowers Stock Holdings in Cimpress plc (NASDAQ:CMPR)

Geode Capital Management LLC reduced its stake in Cimpress plc (NASDAQ:CMPR) by 5.7% during the third quarter, Holdings Channel.com reports. The fund owned 397,518 shares of the business services provider’s stock after selling 23,872 shares during the quarter. Geode Capital Management LLC’s holdings in Cimpress were worth $32,570,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Cimpress in the third quarter worth approximately $29,000. CWM LLC grew its position in shares of Cimpress by 51.4% during the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after buying an additional 427 shares in the last quarter. Quarry LP bought a new position in shares of Cimpress during the 3rd quarter worth $111,000. Point72 Asset Management L.P. purchased a new position in shares of Cimpress during the third quarter valued at $115,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Cimpress in the third quarter valued at about $130,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Stock Up 0.7 %

NASDAQ CMPR opened at $73.88 on Thursday. Cimpress plc has a 52 week low of $58.05 and a 52 week high of $104.92. The company has a 50 day moving average price of $78.41 and a 200 day moving average price of $84.08. The firm has a market cap of $1.86 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.80). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The business had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. During the same period in the previous year, the business earned $0.17 EPS. On average, equities research analysts anticipate that Cimpress plc will post 4.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CMPR shares. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Barrington Research reissued an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a report on Friday, December 20th. Finally, Truist Financial reduced their price objective on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

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.