SG Americas Securities LLC Buys 4,261 Shares of Cimpress plc (NASDAQ:CMPR)

SG Americas Securities LLC lifted its stake in shares of Cimpress plc (NASDAQ:CMPR) by 118.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,847 shares of the business services provider’s stock after acquiring an additional 4,261 shares during the quarter. SG Americas Securities LLC’s holdings in Cimpress were worth $563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMPR. Hennessy Advisors Inc. lifted its holdings in Cimpress by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 110,400 shares of the business services provider’s stock valued at $7,918,000 after purchasing an additional 7,100 shares in the last quarter. Mayfair Advisory Group LLC bought a new stake in shares of Cimpress during the 4th quarter valued at $204,000. Pallas Capital Advisors LLC purchased a new position in shares of Cimpress during the 4th quarter valued at $263,000. Diversified Trust Co boosted its holdings in Cimpress by 11.3% in the 4th quarter. Diversified Trust Co now owns 5,389 shares of the business services provider’s stock worth $386,000 after buying an additional 549 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Cimpress by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock worth $1,797,000 after buying an additional 215 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com downgraded Cimpress from a “strong-buy” rating to a “buy” rating in a research report on Friday. Truist Financial decreased their target price on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Barrington Research restated an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a research note on Wednesday.

Cimpress Stock Performance

Shares of NASDAQ CMPR opened at $66.48 on Friday. The firm’s fifty day moving average is $75.23 and its two-hundred day moving average is $81.26. Cimpress plc has a 52-week low of $58.05 and a 52-week high of $104.92. The company has a market cap of $1.67 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.68 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.27% and a net margin of 4.75%. As a group, analysts forecast that Cimpress plc will post 4.06 EPS for the current fiscal 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.