Ennis (NYSE:EBF) Rating Lowered to “Buy” at StockNews.com

Ennis (NYSE:EBF) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

Ennis Stock Down 0.8 %

Shares of Ennis stock opened at $21.24 on Wednesday. The firm has a market capitalization of $552.24 million, a P/E ratio of 13.44 and a beta of 0.41. The company has a 50 day moving average price of $21.39 and a 200 day moving average price of $22.22. Ennis has a 52 week low of $18.88 and a 52 week high of $25.75.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. The firm had revenue of $99.04 million during the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%.

Hedge Funds Weigh In On Ennis

Several hedge funds and other institutional investors have recently modified their holdings of EBF. Creative Planning increased its holdings in Ennis by 84.9% in the 3rd quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock worth $1,389,000 after buying an additional 26,207 shares during the period. Koss Olinger Consulting LLC acquired a new position in Ennis in the 2nd quarter worth approximately $494,000. Cubist Systematic Strategies LLC acquired a new position in Ennis in the 2nd quarter worth approximately $543,000. AQR Capital Management LLC increased its holdings in Ennis by 74.5% in the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock worth $5,870,000 after buying an additional 114,516 shares during the period. Finally, CWM LLC increased its holdings in Ennis by 97.0% in the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after buying an additional 1,895 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

About Ennis

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.