Hsbc Holdings PLC Raises Stock Position in Emerald Holding, Inc. $EEX

Hsbc Holdings PLC lifted its position in Emerald Holding, Inc. (NYSE:EEX) by 12.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,818 shares of the company’s stock after buying an additional 4,351 shares during the period. Hsbc Holdings PLC’s holdings in Emerald were worth $153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Copeland Capital Management LLC grew its position in shares of Emerald by 40.5% in the 1st quarter. Copeland Capital Management LLC now owns 16,610 shares of the company’s stock worth $65,000 after buying an additional 4,784 shares during the last quarter. Nuveen LLC purchased a new position in shares of Emerald in the 1st quarter worth approximately $78,000. First Manhattan CO. LLC. grew its position in shares of Emerald by 16.4% in the 4th quarter. First Manhattan CO. LLC. now owns 25,338 shares of the company’s stock worth $122,000 after buying an additional 3,575 shares during the last quarter. Barclays PLC grew its position in shares of Emerald by 64.0% in the 4th quarter. Barclays PLC now owns 36,041 shares of the company’s stock worth $173,000 after buying an additional 14,064 shares during the last quarter. Finally, State of Wyoming grew its position in shares of Emerald by 36.6% in the 4th quarter. State of Wyoming now owns 86,289 shares of the company’s stock worth $416,000 after buying an additional 23,101 shares during the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Emerald Stock Down 3.3%

NYSE:EEX opened at $5.13 on Friday. The company has a market cap of $1.01 billion, a PE ratio of 102.54 and a beta of 1.19. Emerald Holding, Inc. has a twelve month low of $3.21 and a twelve month high of $6.65. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $5.05 and its two-hundred day moving average is $4.51.

Emerald (NYSE:EEX) last released its earnings results on Monday, August 4th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $100.40 million. Emerald had a return on equity of 2.03% and a net margin of 1.83%.During the same period in the prior year, the firm posted ($0.02) EPS. Emerald has set its FY 2025 guidance at EPS.

Emerald Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 14th. Emerald’s payout ratio is presently 120.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EEX. Rosenblatt Securities lifted their price objective on shares of Emerald from $7.80 to $7.90 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of Emerald from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $7.95.

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.