Looking For An Unheralded Stock to Buy? Algert Coldiron Investors Shares 5

#3 Extreme Networks Inc (NASDAQ:EXTR)

Shares held (as of September 30): 658,506

Total Value (as of September 30): $2.21 million

Percent of Portfolio (as of September 30): 1.23%

Holding the third spot in Algert Coldiron’s portfolio is Extreme Networks Inc (NASDAQ:EXTR). The investor was very bullish on Extreme Networks, in which it increased its stake by over 170% to 658,506 shares during the third quarter. Extreme Networks Inc (NASDAQ:EXTR) is engaged in providing wired and wireless network infrastructure equipment, software, and services to enterprises, data centers, and service providers. The company’s stock performance has been impressive of late, increasing by 65.61% during the last three months and certainly justifying the bullishness of Algert Coldiron. Another investor from our database that holds a stake in Extreme Networks Inc (NASDAQ:EXTR) is Paul J. Isaac’s Arbiter Partners Capital Management, which owns 4.90 million shares of the company.

#2 Cardinal Health Inc (NYSE:CAH)

Shares held (as of September 30): 34,510

Total Value (as of September 30): $2.65 million

Percent of Portfolio (as of September 30): 1.47%

Algert Coldiron disclosed holding 34,510 shares of Cardinal Health Inc (NYSE:CAH) as of September 30, representing a 40% increase to the position over the quarter. Having a market cap of $28.37 billion, Cardinal Health Inc (NYSE:CAH) is engaged in providing healthcare services and products. It operates in two segments: pharmaceutical and medical, from its head office in Ohio. The financial outlook of Cardinal Health looks quite strong, as the company posted a 17% increase in its revenue to $28.1 billion for its first quarter of fiscal year 2016. Furthermore, it reported a 30% increase in operating earnings to $737 million, driven by strong performance in the pharmaceutical segment. This performance prompted the company to raise its full-year EPS guidance range to $5.15-to-$5.35 from a prior range of $4.85-to-$5.05. Shares of Cardinal Health Inc (NYSE:CAH) have increased by nearly 7% year-to-date. Cliff Asness’ AQR Capital Management is also a fan of Cardinal Health Inc (NYSE:CAH), with ownership of 2.12 million shares of it on June 30.

#1 Ennis Inc. (NYSE:EBF)

Shares held (as of September 30): 202,513

Total Value (as of September 30): $3.52 million

Percent of Portfolio (as of September 30): 1.95%

The firm’s top holding is represented by Ennis Inc. (NYSE:EBF), a $512.61 million company engaged in the production and sale of business forms, apparel, and other business products. Algert Coldiron was bullish on Ennis Inc. (NYSE:EBF) during the third quarter, increasing its position by 100% to 202,513 shares, worth $3.52 million. Ennis Inc. (NYSE:EBF) posted solid financial results for the three months ended August 31, with its earnings jumping to $11.0 million, or $0.43 per diluted share, representing a 10.3% increase year-over-year. Sales for the quarter were down slightly however, to $150.8 million from $151.8 million a year ago. Shares of Ennis Inc. (NYSE:EBF) have been performing well, gaining 48.26% year-to-date. Among the largest shareholders of the company is Chuck Royce’s Royce & Associates, with ownership of 717,344 shares.

Disclosure: None