Ennis, Inc. (NYSE:EBF) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in Ennis, Inc. (NYSE:EBF) by 10.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 27,177 shares of the industrial products company’s stock after selling 3,300 shares during the period. Los Angeles Capital Management LLC’s holdings in Ennis were worth $595,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EBF. Charles Schwab Investment Management Inc. grew its position in shares of Ennis by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 813,778 shares of the industrial products company’s stock valued at $17,830,000 after buying an additional 53,211 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Ennis by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company’s stock valued at $7,441,000 after acquiring an additional 1,254 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Ennis in the first quarter valued at $4,414,000. Empowered Funds LLC grew its holdings in shares of Ennis by 8.9% during the first quarter. Empowered Funds LLC now owns 117,621 shares of the industrial products company’s stock worth $2,412,000 after purchasing an additional 9,615 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Ennis by 74.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,588 shares of the industrial products company’s stock worth $1,346,000 after purchasing an additional 27,921 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Ennis Trading Up 2.2 %

Shares of EBF opened at $23.59 on Friday. The company’s 50 day simple moving average is $23.03 and its 200-day simple moving average is $21.39. The firm has a market cap of $612.87 million, a PE ratio of 14.74 and a beta of 0.40. Ennis, Inc. has a 12-month low of $18.88 and a 12-month high of $24.37.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, June 17th. The industrial products company reported $0.41 EPS for the quarter. Ennis had a return on equity of 11.94% and a net margin of 10.11%. The firm had revenue of $103.11 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Ennis from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th.

Ennis Profile

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.