Hussman Strategic Advisors Inc. Acquires New Position in Cimpress plc (NASDAQ:CMPR)

Hussman Strategic Advisors Inc. acquired a new stake in shares of Cimpress plc (NASDAQ:CMPR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 52,500 shares of the business services provider’s stock, valued at approximately $2,375,000. Hussman Strategic Advisors Inc. owned 0.21% of Cimpress at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Signaturefd LLC grew its stake in shares of Cimpress by 341.6% during the 1st quarter. Signaturefd LLC now owns 605 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 468 shares during the period. Edgestream Partners L.P. bought a new position in shares of Cimpress during the 1st quarter valued at approximately $1,381,000. CWM LLC grew its stake in shares of Cimpress by 835.5% during the 1st quarter. CWM LLC now owns 5,323 shares of the business services provider’s stock valued at $241,000 after acquiring an additional 4,754 shares during the period. New York State Common Retirement Fund grew its stake in shares of Cimpress by 104.9% during the 1st quarter. New York State Common Retirement Fund now owns 35,152 shares of the business services provider’s stock valued at $1,590,000 after acquiring an additional 18,000 shares during the period. Finally, Cerity Partners LLC purchased a new position in Cimpress in the 1st quarter worth approximately $214,000. 77.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMPR. Wall Street Zen cut Cimpress from a “strong-buy” rating to a “buy” rating in a report on Monday, May 5th. Barrington Research lowered their price target on Cimpress from $95.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Finally, Truist Financial lowered their price target on Cimpress from $87.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, May 5th.

Cimpress Stock Performance

Shares of CMPR traded down $0.34 during mid-day trading on Friday, hitting $43.70. 11,866 shares of the stock were exchanged, compared to its average volume of 196,982. The company has a market cap of $1.09 billion, a PE ratio of 7.46 and a beta of 1.77. Cimpress plc has a 52-week low of $35.21 and a 52-week high of $104.92. The firm has a 50-day moving average of $45.29 and a two-hundred day moving average of $49.98.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.94). The firm had revenue of $789.47 million for the quarter, compared to analysts’ expectations of $798.02 million. Cimpress had a negative return on equity of 27.85% and a net margin of 4.61%. On average, sell-side analysts predict that Cimpress plc will post 3.69 EPS for the current year.

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.