Ennis (EBF) Lowered to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Ennis (NYSE:EBF) from a strong-buy rating to a hold rating in a report published on Tuesday.
According to Zacks, “Ennis, Inc. is one of the largest private-label printed business product suppliers in the United States. Ennis offers an extensive product line from simple to complex forms, laser cut-sheets, negotiable documents, internal bank forms, tags, labels, presentation folders, commercial printing, advertising specialties, screen printed products, and point-of-purchase display advertising that can be custom designed to customer needs. “
EBF opened at $18.47 on Tuesday. The stock has a market cap of $495.63 million, a PE ratio of 13.65 and a beta of 0.68. Ennis has a 52-week low of $17.65 and a 52-week high of $22.98. The company has a quick ratio of 3.90, a current ratio of 4.99 and a debt-to-equity ratio of 0.10.
Several hedge funds and other institutional investors have recently bought and sold shares of EBF. Renaissance Technologies LLC lifted its position in shares of Ennis by 20.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,151,600 shares of the industrial products company’s stock worth $23,550,000 after purchasing an additional 196,300 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Ennis by 1,504.3% during the 3rd quarter. Acadian Asset Management LLC now owns 99,191 shares of the industrial products company’s stock worth $2,028,000 after purchasing an additional 93,008 shares during the last quarter. Regal Investment Advisors LLC acquired a new position in shares of Ennis during the 3rd quarter worth about $1,850,000. Royce & Associates LP lifted its position in shares of Ennis by 11.6% during the 2nd quarter. Royce & Associates LP now owns 835,924 shares of the industrial products company’s stock worth $17,011,000 after purchasing an additional 86,579 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Ennis by 704.1% during the 2nd quarter. Citadel Advisors LLC now owns 88,036 shares of the industrial products company’s stock worth $1,791,000 after purchasing an additional 77,088 shares during the last quarter. 80.64% of the stock is owned by institutional investors and hedge funds.
Ennis Company Profile
Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.
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