Connor Clark & Lunn Investment Management Ltd. cut its position in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 109,917 shares of the industrial products company's stock after selling 19,680 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.42% of Ennis worth $2,318,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. GPS Wealth Strategies Group LLC grew its stake in Ennis by 10.3% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company's stock valued at $150,000 after purchasing an additional 663 shares in the last quarter. FMR LLC grew its stake in Ennis by 34.6% in the third quarter. FMR LLC now owns 3,324 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 855 shares in the last quarter. SG Americas Securities LLC grew its stake in Ennis by 46.0% in the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company's stock valued at $131,000 after purchasing an additional 1,951 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Ennis by 8,888.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 4,000 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Ennis by 14.3% in the third quarter. BNP Paribas Financial Markets now owns 37,033 shares of the industrial products company's stock valued at $901,000 after purchasing an additional 4,619 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Ennis from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st.
Read Our Latest Stock Analysis on EBF
Ennis Trading Down 3.1 %
Shares of EBF traded down $0.66 during mid-day trading on Friday, reaching $20.34. The company's stock had a trading volume of 2,099,752 shares, compared to its average volume of 133,031. Ennis, Inc. has a 1-year low of $18.88 and a 1-year high of $25.75. The stock has a market cap of $529.10 million, a P/E ratio of 12.79 and a beta of 0.40. The business has a 50-day simple moving average of $20.87 and a two-hundred day simple moving average of $21.52.
Ennis (NYSE:EBF - Get Free Report) last released its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.
Ennis Profile
(
Free Report)
Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.
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