Diamond Hill Capital Management Inc. Has $50.87 Million Holdings in Cimpress plc $CMPR

Diamond Hill Capital Management Inc. lessened its holdings in Cimpress plc (NASDAQ:CMPR) by 14.0% during the 3rd quarter, Holdings Channel reports. The firm owned 806,986 shares of the business services provider’s stock after selling 131,095 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Cimpress were worth $50,872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Rubric Capital Management LP bought a new position in Cimpress in the second quarter valued at approximately $26,387,000. AQR Capital Management LLC lifted its stake in shares of Cimpress by 89.0% in the 2nd quarter. AQR Capital Management LLC now owns 296,184 shares of the business services provider’s stock valued at $13,921,000 after purchasing an additional 139,482 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Cimpress in the 2nd quarter worth $3,183,000. Teacher Retirement System of Texas acquired a new stake in shares of Cimpress during the second quarter worth $1,567,000. Finally, Squarepoint Ops LLC bought a new stake in Cimpress in the second quarter valued at about $1,385,000. 77.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial set a $100.00 target price on Cimpress in a research note on Friday, January 30th. Wall Street Zen raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cimpress in a research note on Monday, December 29th. Zacks Research upgraded shares of Cimpress from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Barrington Research boosted their price target on shares of Cimpress from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $97.50.

Cimpress Stock Up 2.8%

Shares of NASDAQ:CMPR opened at $75.64 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 84.05 and a beta of 1.75. Cimpress plc has a 12 month low of $35.21 and a 12 month high of $82.43. The company’s fifty day simple moving average is $73.97 and its 200 day simple moving average is $66.29.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.34. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $993.64 million. Cimpress had a negative return on equity of 4.18% and a net margin of 0.66%. Research analysts expect that Cimpress plc will post 3.69 earnings per share for the current fiscal year.

About Cimpress

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.