Emerald Holding, Inc. (NYSE:EEX) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Emerald Holding, Inc. (NYSE:EEX) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 391,404 shares of the company’s stock after acquiring an additional 4,760 shares during the quarter. Geode Capital Management LLC’s holdings in Emerald were worth $1,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EEX. Dimensional Fund Advisors LP grew its position in shares of Emerald by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock valued at $1,531,000 after purchasing an additional 2,624 shares during the period. Bank of New York Mellon Corp lifted its position in Emerald by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock worth $401,000 after buying an additional 3,950 shares during the period. SG Americas Securities LLC acquired a new stake in Emerald in the 3rd quarter worth about $53,000. State Street Corp grew its holdings in Emerald by 5.7% in the 3rd quarter. State Street Corp now owns 235,640 shares of the company’s stock valued at $1,176,000 after buying an additional 12,622 shares during the period. Finally, Barclays PLC increased its stake in shares of Emerald by 184.2% during the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock valued at $109,000 after acquiring an additional 14,244 shares during the last quarter. 14.90% of the stock is owned by hedge funds and other institutional investors.

Emerald Price Performance

EEX stock opened at $4.79 on Thursday. The company has a market cap of $972.29 million, a PE ratio of -8.87 and a beta of 1.44. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average price of $4.73 and a two-hundred day moving average price of $5.01. Emerald Holding, Inc. has a 12-month low of $3.92 and a 12-month high of $7.05.

Emerald Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Monday, November 11th were issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, November 8th. Emerald’s payout ratio is currently -11.11%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Maxim Group decreased their target price on shares of Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Rosenblatt Securities cut their price target on shares of Emerald from $8.40 to $7.80 and set a “buy” rating on the stock in a research note on Thursday, October 31st.

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.