Virtu Financial LLC Makes New $362,000 Investment in Cimpress plc (NASDAQ:CMPR)

Posted by Defense World Staff on Jul 24th, 2023

Virtu Financial LLC bought a new position in shares of Cimpress plc (NASDAQ:CMPR – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,255 shares of the business services provider’s stock, valued at approximately $362,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC raised its holdings in shares of Cimpress by 51.3% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,682,569 shares of the business services provider’s stock valued at $46,456,000 after purchasing an additional 570,681 shares in the last quarter. Norges Bank acquired a new stake in shares of Cimpress in the 4th quarter valued at $3,685,000. Thrivent Financial for Lutherans raised its holdings in shares of Cimpress by 8.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,179,992 shares of the business services provider’s stock valued at $32,579,000 after purchasing an additional 91,712 shares in the last quarter. Morgan Stanley raised its holdings in shares of Cimpress by 42.1% in the 4th quarter. Morgan Stanley now owns 237,236 shares of the business services provider’s stock valued at $6,550,000 after purchasing an additional 70,264 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Cimpress in the 4th quarter valued at $1,678,000. 78.02% of the stock is currently owned by institutional investors and hedge funds.

Cimpress Price Performance

Shares of NASDAQ:CMPR opened at $63.37 on Monday. The company’s fifty day moving average price is $55.09 and its 200 day moving average price is $44.04. Cimpress plc has a 12 month low of $18.00 and a 12 month high of $66.86. The firm has a market capitalization of $1.67 billion, a P/E ratio of -6.77 and a beta of 1.73.

Cimpress (NASDAQ:CMPR – Get Free Report) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported ($0.97) EPS for the quarter, topping the consensus estimate of ($1.17) by $0.20. The company had revenue of $742.16 million for the quarter, compared to analyst estimates of $701.89 million. On average, sell-side analysts anticipate that Cimpress plc will post -3.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMPR. Truist Financial raised their price objective on shares of Cimpress from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 27th. Barrington Research raised their price objective on shares of Cimpress from $57.00 to $66.00 in a report on Monday, May 1st. Finally, StockNews.com assumed coverage on shares of Cimpress in a research note on Thursday, May 18th. They set a “buy” rating on the stock.

Cimpress Company Profile

(Free Report)

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vistaprint, 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.