Prudential Financial Inc. lowered its holdings in shares of Ennis, Inc. (NYSE:EBF) by 12.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 455,970 shares of the industrial products company’s stock after selling 67,237 shares during the quarter. Prudential Financial Inc.’s holdings in Ennis were worth $9,325,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Ennis by 721.3% during the third quarter. Nisa Investment Advisors LLC now owns 6,570 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 5,770 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Ennis during the third quarter worth approximately $190,000. Raymond James & Associates purchased a new position in shares of Ennis in the second quarter valued at approximately $210,000. GSA Capital Partners LLP purchased a new position in shares of Ennis in the second quarter valued at approximately $213,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Ennis in the second quarter valued at approximately $219,000. Institutional investors own 80.64% of the company’s stock.
EBF stock opened at $19.16 on Thursday. The company has a quick ratio of 3.90, a current ratio of 4.99 and a debt-to-equity ratio of 0.10. The firm has a market cap of $504.32 million, a price-to-earnings ratio of 14.85 and a beta of 0.68. Ennis, Inc. has a 52-week low of $17.65 and a 52-week high of $22.98.
Ennis (NYSE:EBF) last posted its earnings results on Tuesday, September 25th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $98.59 million during the quarter. Ennis had a return on equity of 13.13% and a net margin of 9.50%. As a group, equities research analysts anticipate that Ennis, Inc. will post 1.4 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded Ennis from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Friday, October 5th.
ILLEGAL ACTIVITY WARNING: This story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/12/06/ennis-inc-ebf-holdings-cut-by-prudential-financial-inc.html.
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.
Read More: Buyback
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).
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.