Renaissance Technologies LLC Has $886,000 Stock Holdings in Emerald Holding, Inc. (NYSE:EEX)

Renaissance Technologies LLC lowered its stake in Emerald Holding, Inc. (NYSE:EEX) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,757 shares of the company’s stock after selling 22,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.09% of Emerald worth $886,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EEX. Copeland Capital Management LLC bought a new stake in Emerald in the fourth quarter valued at $57,000. Virtu Financial LLC bought a new stake in shares of Emerald in the third quarter valued at $67,000. ExodusPoint Capital Management LP purchased a new position in shares of Emerald in the fourth quarter worth about $72,000. Victory Capital Management Inc. purchased a new stake in Emerald during the 4th quarter worth about $92,000. Finally, Barclays PLC lifted its stake in Emerald by 184.2% in the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock worth $109,000 after purchasing an additional 14,244 shares in the last quarter. 14.90% of the stock is currently owned by institutional investors.

Emerald Price Performance

EEX stock opened at $4.48 on Friday. The firm has a market cap of $894.19 million, a P/E ratio of -8.30 and a beta of 0.84. The firm’s fifty day moving average is $3.84 and its 200 day moving average is $4.35. Emerald Holding, Inc. has a 52 week low of $3.22 and a 52 week high of $6.74. 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 (NYSE:EEX) last released its quarterly earnings data on Friday, March 14th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%. The firm had revenue of $106.80 million for the quarter, compared to the consensus estimate of $108.05 million.

Emerald Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.015 per share. The ex-dividend date was Monday, March 10th. This represents a $0.06 annualized dividend and a dividend yield of 1.34%. Emerald’s dividend payout ratio (DPR) is presently -120.00%.

Wall Street Analyst Weigh In

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.

About Emerald

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.