Nuveen LLC Buys New Stake in Emerald Holding, Inc. $EEX

Nuveen LLC bought a new stake in Emerald Holding, Inc. (NYSE:EEX) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,910 shares of the company’s stock, valued at approximately $78,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EEX. Copeland Capital Management LLC boosted its holdings 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 purchasing an additional 4,784 shares during the period. First Manhattan CO. LLC. boosted its holdings 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 purchasing an additional 3,575 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Emerald by 25.5% in the 4th quarter. Hsbc Holdings PLC now owns 35,467 shares of the company’s stock worth $172,000 after purchasing an additional 7,208 shares during the period. Barclays PLC boosted its holdings 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 purchasing an additional 14,064 shares during the period. Finally, State of Wyoming boosted its holdings 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 purchasing an additional 23,101 shares during the period. 14.90% of the stock is owned by hedge funds and other institutional investors.

Emerald Stock Down 3.3%

NYSE:EEX opened at $5.13 on Monday. Emerald Holding, Inc. has a twelve month low of $3.21 and a twelve month high of $6.65. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 102.54 and a beta of 1.19. The stock has a fifty day simple moving average of $5.05 and a 200-day simple moving average of $4.51. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29.

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

Emerald Announces Dividend

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

Wall Street Analysts Forecast Growth

EEX has been the subject of a number of recent research reports. Wall Street Zen upgraded Emerald from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Rosenblatt Securities lifted their target price on Emerald from $7.80 to $7.90 and gave the stock a “buy” rating in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Emerald presently has an average rating of “Buy” and an average target price of $7.95.

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.