Wells Fargo & Company MN reduced its stake in shares of Ennis, Inc. (NYSE:EBF) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,149,091 shares of the industrial products company’s stock after selling 23,102 shares during the quarter. Wells Fargo & Company MN owned approximately 8.40% of Ennis worth $42,230,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of EBF. Russell Investments Group Ltd. boosted its holdings in shares of Ennis by 19.7% during the second quarter. Russell Investments Group Ltd. now owns 34,548 shares of the industrial products company’s stock worth $660,000 after purchasing an additional 5,691 shares during the period. Sei Investments Co. boosted its holdings in shares of Ennis by 179.1% during the second quarter. Sei Investments Co. now owns 10,850 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 6,963 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of Ennis during the second quarter worth approximately $344,000. Trexquant Investment LP acquired a new stake in shares of Ennis during the second quarter worth approximately $399,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Ennis by 27.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 205,626 shares of the industrial products company’s stock worth $3,928,000 after purchasing an additional 43,880 shares during the period. Institutional investors and hedge funds own 83.31% of the company’s stock.

Separately, BidaskClub upgraded shares of Ennis from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.

Ennis, Inc. (NYSE:EBF) opened at $19.60 on Tuesday. The firm has a market cap of $503.83, a P/E ratio of 16.42 and a beta of 0.73. The company has a current ratio of 5.89, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. Ennis, Inc. has a 52-week low of $15.20 and a 52-week high of $21.50.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, September 25th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $94.89 million for the quarter. Ennis had a net margin of 7.73% and a return on equity of 12.13%.

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About Ennis

Ennis, Inc and its subsidiaries are engaged in the production and sale of printed business products, business forms and other business products. The Company operates through Print segment, which is engaged in printing, manufacturing and selling a range of business forms and other business products to distributors located throughout the United States primarily through independent dealers.

Institutional Ownership by Quarter for Ennis (NYSE:EBF)

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