Ennis (NYSE:EBF) Raised to Strong-Buy at StockNews.com

Ennis (NYSE:EBF) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Ennis Trading Up 1.2 %

Shares of NYSE:EBF opened at $21.06 on Friday. The stock has a 50 day moving average of $20.80 and a 200 day moving average of $21.79. The company has a market cap of $547.83 million, a PE ratio of 13.25 and a beta of 0.41. Ennis has a 12-month low of $18.88 and a 12-month high of $25.75.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp lifted its holdings in Ennis by 37.2% in the 4th quarter. Mackenzie Financial Corp now owns 16,856 shares of the industrial products company’s stock worth $355,000 after purchasing an additional 4,571 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ennis by 70.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,958 shares of the industrial products company’s stock valued at $1,033,000 after buying an additional 20,207 shares during the period. Millennium Management LLC raised its holdings in Ennis by 423.0% during the 4th quarter. Millennium Management LLC now owns 48,554 shares of the industrial products company’s stock valued at $1,024,000 after buying an additional 39,270 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ennis by 5.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 629,143 shares of the industrial products company’s stock valued at $13,269,000 after acquiring an additional 31,985 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Ennis by 31.6% in the 4th quarter. Lazard Asset Management LLC now owns 14,448 shares of the industrial products company’s stock valued at $304,000 after acquiring an additional 3,470 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors.

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.