SeaBridge Investment Advisors LLC Increases Stake in Cimpress NV (CMPR)

SeaBridge Investment Advisors LLC lifted its position in Cimpress NV (NASDAQ:CMPR) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,912 shares of the business services provider’s stock after acquiring an additional 311 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Cimpress were worth $922,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Raymond James & Associates raised its position in shares of Cimpress by 8.1% in the second quarter. Raymond James & Associates now owns 5,174 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 388 shares during the period. Millennium Management LLC bought a new position in shares of Cimpress in the second quarter valued at approximately $2,927,000. Bank of Montreal Can raised its position in shares of Cimpress by 21.5% in the third quarter. Bank of Montreal Can now owns 12,764 shares of the business services provider’s stock valued at $1,744,000 after purchasing an additional 2,256 shares during the period. First Trust Advisors LP raised its position in shares of Cimpress by 2.3% in the third quarter. First Trust Advisors LP now owns 31,177 shares of the business services provider’s stock valued at $4,259,000 after purchasing an additional 714 shares during the period. Finally, Ironvine Capital Partners LLC raised its position in shares of Cimpress by 90.9% in the third quarter. Ironvine Capital Partners LLC now owns 114,366 shares of the business services provider’s stock valued at $15,624,000 after purchasing an additional 54,467 shares during the period. 86.48% of the stock is owned by hedge funds and other institutional investors.

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In related news, Director John J. Gavin, Jr. sold 14,763 shares of the business’s stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $107.81, for a total transaction of $1,591,599.03. Following the transaction, the director now owns 3,175 shares of the company’s stock, valued at $342,296.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Cornelis David Arends bought 400 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The shares were bought at an average cost of $114.41 per share, for a total transaction of $45,764.00. The disclosure for this purchase can be found here. Insiders own 18.40% of the company’s stock.

A number of equities analysts have recently commented on CMPR shares. Barrington Research reissued a “buy” rating and issued a $135.00 price target on shares of Cimpress in a research report on Tuesday, January 29th. BidaskClub raised shares of Cimpress from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Zacks Investment Research lowered shares of Cimpress from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 2nd. Finally, SunTrust Banks lowered shares of Cimpress from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $134.67.

Shares of CMPR stock opened at $78.21 on Friday. Cimpress NV has a 1 year low of $76.33 and a 1 year high of $171.76. The firm has a market cap of $2.41 billion, a P/E ratio of 92.01, a P/E/G ratio of 1.48 and a beta of -0.09. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.37 and a current ratio of 0.51.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, January 30th. The business services provider reported $2.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.38 by ($0.21). Cimpress had a return on equity of 58.85% and a net margin of 1.67%. The company had revenue of $825.57 million for the quarter, compared to the consensus estimate of $854.97 million. During the same period last year, the firm posted $0.93 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Analysts predict that Cimpress NV will post 3.29 EPS for the current year.

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About Cimpress

Cimpress N.V. provides various mass customization services in the United States, Germany, and internationally. The company delivers various volumes of individually small-sized customized orders for a range of print, signage, photo merchandise, invitation and announcement, packaging, apparel, and other categories primarily through the Internet.

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