2,773 Shares in Cimpress plc (NASDAQ:CMPR) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in shares of Cimpress plc (NASDAQ:CMPR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,773 shares of the business services provider’s stock, valued at approximately $245,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Cimpress during the fourth quarter worth $185,000. Crestwood Advisors Group LLC acquired a new position in Cimpress during the third quarter worth $210,000. Olympiad Research LP acquired a new position in Cimpress during the fourth quarter worth $212,000. Advisory Services Network LLC acquired a new position in Cimpress during the fourth quarter worth $216,000. Finally, VELA Investment Management LLC acquired a new stake in shares of Cimpress in the fourth quarter valued at about $239,000. 77.64% of the stock is owned by hedge funds and other institutional investors.

Cimpress Trading Down 0.2 %

Cimpress stock opened at $86.37 on Friday. Cimpress plc has a 12-month low of $55.37 and a 12-month high of $100.01. The stock has a market cap of $2.20 billion, a P/E ratio of 26.66, a PEG ratio of 1.06 and a beta of 1.97. The company has a 50-day moving average price of $85.22 and a 200 day moving average price of $85.25.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.29). Cimpress had a negative return on equity of 14.44% and a net margin of 2.69%. The firm had revenue of $780.59 million for the quarter, compared to analyst estimates of $782.65 million. During the same quarter in the previous year, the business posted ($0.97) earnings per share. As a group, analysts forecast that Cimpress plc will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $113.00 target price on shares of Cimpress in a research report on Tuesday, May 28th. StockNews.com cut shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 6th.

Insider Buying and Selling

In other Cimpress news, CEO Florian Baumgartner sold 5,683 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $89.97, for a total transaction of $511,299.51. Following the completion of the transaction, the chief executive officer now owns 33,793 shares of the company’s stock, valued at $3,040,356.21. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 29,438 shares of company stock worth $2,590,278. Insiders own 17.90% of the company’s stock.

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.