Rubric Capital Management LP Has $118.95 Million Stock Position in Cimpress plc $CMPR

Rubric Capital Management LP boosted its holdings in Cimpress plc (NASDAQ:CMPR) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,629,419 shares of the business services provider’s stock after purchasing an additional 104,419 shares during the quarter. Cimpress comprises 1.3% of Rubric Capital Management LP’s holdings, making the stock its 20th largest holding. Rubric Capital Management LP owned 0.07% of Cimpress worth $118,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMPR. Quantinno Capital Management LP grew its position in shares of Cimpress by 2.7% during the 1st quarter. Quantinno Capital Management LP now owns 7,162 shares of the business services provider’s stock worth $523,000 after buying an additional 189 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Cimpress by 19.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 329,805 shares of the business services provider’s stock valued at $24,076,000 after buying an additional 54,341 shares during the last quarter. Sei Investments Co. lifted its position in shares of Cimpress by 8.3% during the 1st quarter. Sei Investments Co. now owns 66,431 shares of the business services provider’s stock worth $4,849,000 after buying an additional 5,117 shares in the last quarter. State of Wyoming boosted its stake in shares of Cimpress by 110.6% in the 1st quarter. State of Wyoming now owns 7,473 shares of the business services provider’s stock worth $546,000 after buying an additional 3,925 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Cimpress by 13.0% in the first quarter. First Trust Advisors LP now owns 113,816 shares of the business services provider’s stock valued at $8,309,000 after acquiring an additional 13,133 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CMPR shares. Wall Street Zen raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 14th. Zacks Research upgraded Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Barrington Research raised their price objective on shares of Cimpress from $95.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cimpress in a research report on Wednesday, April 29th. Finally, Truist Financial set a $110.00 target price on shares of Cimpress in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $111.50.

Insider Transactions at Cimpress

In other Cimpress news, EVP Maarten Wensveen sold 19,251 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $92.96, for a total transaction of $1,789,572.96. Following the completion of the transaction, the executive vice president owned 19,674 shares in the company, valued at $1,828,895.04. This trade represents a 49.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sean Edward Quinn sold 5,009 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $104.22, for a total transaction of $522,037.98. Following the completion of the sale, the executive vice president directly owned 28,937 shares in the company, valued at approximately $3,015,814.14. This trade represents a 14.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,240 shares of company stock worth $4,715,549 over the last 90 days. 10.20% of the stock is currently owned by company insiders.

Cimpress Price Performance

Shares of CMPR opened at $99.42 on Tuesday. The firm has a market cap of $2.41 billion, a PE ratio of 55.85 and a beta of 1.79. The stock’s fifty day moving average price is $96.07 and its two-hundred day moving average price is $84.06. Cimpress plc has a 1 year low of $47.95 and a 1 year high of $106.57.

Cimpress (NASDAQ:CMPR) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.40. The firm had revenue of $886.21 million for the quarter, compared to analysts’ expectations of $858.80 million. Cimpress had a negative return on equity of 8.25% and a net margin of 1.24%. Sell-side analysts anticipate that Cimpress plc will post 3.81 earnings per share for the current fiscal year.

Cimpress Profile

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.