Rhumbline Advisers Lowers Stock Position in Ennis, Inc. (NYSE:EBF)

Rhumbline Advisers trimmed its position in shares of Ennis, Inc. (NYSE:EBF) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,145 shares of the industrial products company’s stock after selling 1,960 shares during the period. Rhumbline Advisers owned approximately 0.29% of Ennis worth $1,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its holdings in shares of Ennis by 37.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 37,871 shares of the industrial products company’s stock worth $829,000 after purchasing an additional 10,292 shares during the period. Bank of New York Mellon Corp grew its stake in Ennis by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company’s stock worth $7,441,000 after buying an additional 1,254 shares during the period. GPS Wealth Strategies Group LLC increased its position in shares of Ennis by 40.5% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,924 shares of the industrial products company’s stock worth $130,000 after acquiring an additional 1,707 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Ennis in the 2nd quarter valued at $213,000. Finally, Unison Advisors LLC lifted its holdings in shares of Ennis by 1.3% during the 2nd quarter. Unison Advisors LLC now owns 38,019 shares of the industrial products company’s stock valued at $832,000 after acquiring an additional 476 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Ennis Stock Down 1.2 %

NYSE EBF opened at $23.95 on Friday. Ennis, Inc. has a fifty-two week low of $18.88 and a fifty-two week high of $24.46. The business has a 50 day moving average price of $23.22 and a two-hundred day moving average price of $21.51. The stock has a market cap of $622.32 million, a PE ratio of 14.97 and a beta of 0.40.

Analysts Set New Price Targets

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.