O Shaughnessy Asset Management LLC Lowers Stock Holdings in Ennis, Inc. (NYSE:EBF)

O Shaughnessy Asset Management LLC decreased its position in shares of Ennis, Inc. (NYSE:EBF) by 15.0% during the second quarter, HoldingsChannel reports. The firm owned 7,281 shares of the industrial products company’s stock after selling 1,282 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Ennis were worth $157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in Ennis by 321.1% during the first quarter. Goldman Sachs Group Inc. now owns 765,715 shares of the industrial products company’s stock valued at $16,348,000 after purchasing an additional 583,870 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ennis by 7.1% during the first quarter. Geode Capital Management LLC now owns 427,171 shares of the industrial products company’s stock valued at $9,120,000 after buying an additional 28,373 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ennis by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 389,392 shares of the industrial products company’s stock worth $8,313,000 after purchasing an additional 8,085 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Ennis by 27.2% in the second quarter. Victory Capital Management Inc. now owns 334,460 shares of the industrial products company’s stock worth $7,198,000 after purchasing an additional 71,526 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Ennis by 15.7% in the first quarter. UBS Group AG now owns 223,123 shares of the industrial products company’s stock worth $4,764,000 after purchasing an additional 30,246 shares during the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.

NYSE EBF opened at $18.14 on Tuesday. The stock has a market capitalization of $473.51 million, a PE ratio of 17.28 and a beta of 0.56. Ennis, Inc. has a 1 year low of $15.18 and a 1 year high of $22.24. The business’s 50-day moving average is $19.57 and its 200 day moving average is $20.58.

Ennis (NYSE:EBF) last posted its earnings results on Monday, June 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $96.93 million for the quarter. Ennis had a return on equity of 9.64% and a net margin of 7.44%.

Ennis Profile

Ennis, Inc engages in the manufacture, design, and sale of business forms and other printed business products. Its products include advertising specialties, business supplies, checks and software compatible forms, commercial printing, custom business forms, ecommerce, envelopes, and financial and security printing.

Further Reading: Risk Tolerance

Want to see what other hedge funds are holding EBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ennis, Inc. (NYSE:EBF).

Institutional Ownership by Quarter for Ennis (NYSE:EBF)

Receive News & Ratings for Ennis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ennis and related companies with MarketBeat.com's FREE daily email newsletter.