Millennium Management LLC Lowers Stake in Ennis, Inc. (NYSE:EBF)

Millennium Management LLC lowered its stake in shares of Ennis, Inc. (NYSE:EBF) by 26.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 293,245 shares of the industrial products company’s stock after selling 106,524 shares during the period. Millennium Management LLC owned approximately 1.13% of Ennis worth $6,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ennis during the 2nd quarter worth approximately $54,000. Mather Group LLC. acquired a new stake in Ennis during the 2nd quarter worth approximately $72,000. CWM LLC raised its holdings in shares of Ennis by 97.0% in the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 1,895 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Ennis by 104.6% in the 1st quarter. Lazard Asset Management LLC now owns 5,407 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 2,764 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Ennis by 40.5% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,924 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 1,707 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Trading Down 0.4 %

Shares of EBF opened at $24.11 on Friday. The firm’s fifty day simple moving average is $23.44 and its 200-day simple moving average is $21.92. The firm has a market capitalization of $626.47 million, a price-to-earnings ratio of 15.07 and a beta of 0.40. Ennis, Inc. has a twelve month low of $18.88 and a twelve month high of $25.75.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of 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.