Emerald Holding, Inc. (NYSE:EEX) Position Cut by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its position in shares of Emerald Holding, Inc. (NYSE:EEX) by 47.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,135 shares of the company’s stock after selling 26,264 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Emerald were worth $140,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. American Century Companies Inc. bought a new stake in Emerald during the 4th quarter valued at $210,000. Raymond James Financial Inc. acquired a new position in shares of Emerald during the fourth quarter valued at $2,970,000. Victory Capital Management Inc. bought a new stake in shares of Emerald during the fourth quarter valued at about $92,000. Bank of New York Mellon Corp lifted its holdings in Emerald by 721.6% in the fourth quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company’s stock worth $2,334,000 after purchasing an additional 425,207 shares during the period. Finally, Copeland Capital Management LLC acquired a new position in shares of Emerald during the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 14.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reiterated a “buy” rating and set a $7.80 price target on shares of Emerald in a research report on Thursday, March 13th.

Emerald Trading Down 0.3 %

Shares of NYSE EEX opened at $3.56 on Tuesday. The business has a fifty day simple moving average of $3.99 and a 200-day simple moving average of $4.40. The company has a market cap of $712.17 million, a price-to-earnings ratio of -6.59 and a beta of 0.84. Emerald Holding, Inc. has a 12 month low of $3.22 and a 12 month high of $6.74. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02.

Emerald (NYSE:EEX) last announced its earnings results on Friday, March 14th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $108.05 million. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%.

Emerald Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, March 10th. Emerald’s dividend payout ratio is currently -120.00%.

Emerald 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.