Ritholtz Wealth Management Sells 3,415 Shares of Emerald Holding, Inc. (NYSE:EEX)

Ritholtz Wealth Management lessened its position in shares of Emerald Holding, Inc. (NYSE:EEXFree Report) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,910 shares of the company’s stock after selling 3,415 shares during the period. Ritholtz Wealth Management owned approximately 0.09% of Emerald worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in Emerald by 120.1% during the 2nd quarter. BlackRock Inc. now owns 1,113,586 shares of the company’s stock worth $4,566,000 after acquiring an additional 607,717 shares during the period. Cannell Capital LLC increased its holdings in Emerald by 508.6% during the 3rd quarter. Cannell Capital LLC now owns 912,207 shares of the company’s stock worth $4,123,000 after acquiring an additional 762,310 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Emerald by 10.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 563,114 shares of the company’s stock worth $1,915,000 after buying an additional 51,799 shares in the last quarter. Millennium Management LLC grew its stake in Emerald by 428.2% in the 2nd quarter. Millennium Management LLC now owns 536,132 shares of the company’s stock worth $2,182,000 after buying an additional 434,636 shares in the last quarter. Finally, State Street Corp grew its stake in Emerald by 2.1% in the 1st quarter. State Street Corp now owns 458,762 shares of the company’s stock worth $1,560,000 after buying an additional 9,518 shares in the last quarter. Institutional investors own 14.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities cut their price target on shares of Emerald from $8.40 to $8.20 and set a “buy” rating for the company in a research note on Friday, March 1st.

Check Out Our Latest Research Report on Emerald

Emerald Price Performance

EEX stock opened at $6.40 on Tuesday. Emerald Holding, Inc. has a one year low of $3.27 and a one year high of $7.05. The stock has a market cap of $403.40 million, a PE ratio of -8.10 and a beta of 1.34. The firm has a 50 day simple moving average of $6.25 and a two-hundred day simple moving average of $5.60.

Emerald (NYSE:EEXGet Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.46) EPS for the quarter. Emerald had a negative return on equity of 59.12% and a negative net margin of 2.14%. The company had revenue of $101.50 million during the quarter.

About Emerald

(Free Report)

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.

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Institutional Ownership by Quarter for Emerald (NYSE:EEX)

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