Point72 Asia Singapore Pte. Ltd. Takes Position in Ennis, Inc. (NYSE:EBF)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ennis, Inc. (NYSE:EBF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,483 shares of the industrial products company’s stock, valued at approximately $54,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC raised its holdings in shares of Ennis by 59.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 20,613 shares of the industrial products company’s stock valued at $452,000 after acquiring an additional 7,669 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Ennis by 11.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 61,646 shares of the industrial products company’s stock valued at $1,264,000 after acquiring an additional 6,139 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Ennis by 6.9% during the first quarter. Commonwealth Equity Services LLC now owns 27,579 shares of the industrial products company’s stock valued at $566,000 after acquiring an additional 1,792 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of Ennis by 7.1% during the first quarter. North Star Investment Management Corp. now owns 45,000 shares of the industrial products company’s stock valued at $923,000 after acquiring an additional 3,000 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Ennis by 69.4% in the first quarter. BNP Paribas Financial Markets now owns 16,109 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 6,600 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Trading Up 1.8 %

EBF opened at $24.31 on Friday. The stock has a fifty day simple moving average of $23.38 and a two-hundred day simple moving average of $21.83. The company has a market cap of $631.67 million, a price-to-earnings ratio of 15.19 and a beta of 0.40. Ennis, Inc. has a 12-month low of $18.88 and a 12-month high of $25.75.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 25th.

Ennis Company 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.