Emerald Holding, Inc. (NYSE:EEX) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC increased its position in shares of Emerald Holding, Inc. (NYSE:EEX) by 1,249.7% in the third quarter, HoldingsChannel reports. The firm owned 352,566 shares of the company’s stock after acquiring an additional 326,445 shares during the quarter. Jane Street Group LLC’s holdings in Emerald were worth $1,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EEX. Dimensional Fund Advisors LP raised its position in Emerald by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock worth $1,531,000 after buying an additional 2,624 shares during the last quarter. State Street Corp raised its holdings in shares of Emerald by 5.7% during the third quarter. State Street Corp now owns 235,640 shares of the company’s stock worth $1,176,000 after purchasing an additional 12,622 shares during the last quarter. Renaissance Technologies LLC lifted its position in Emerald by 9.0% during the second quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock valued at $1,112,000 after purchasing an additional 16,200 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Emerald by 247.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 148,201 shares of the company’s stock valued at $740,000 after purchasing an additional 105,535 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Emerald by 17.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock worth $719,000 after purchasing an additional 19,156 shares during the period. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Rosenblatt Securities lowered their target price on Emerald from $8.40 to $7.80 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Maxim Group decreased their price target on Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 31st.

Emerald Stock Down 1.4 %

EEX opened at $4.76 on Thursday. The company has a fifty day moving average of $4.66 and a two-hundred day moving average of $5.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. Emerald Holding, Inc. has a fifty-two week low of $3.92 and a fifty-two week high of $7.05. The stock has a market capitalization of $966.20 million, a price-to-earnings ratio of -8.81 and a beta of 1.44.

Emerald Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Monday, November 11th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.06 dividend on an annualized basis and a yield of 1.26%. Emerald’s dividend payout ratio is currently -11.11%.

Emerald Company Profile

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.