Bank of New York Mellon Corp Has $2.33 Million Stake in Emerald Holding, Inc. (NYSE:EEX)

Bank of New York Mellon Corp boosted its stake in Emerald Holding, Inc. (NYSE:EEX - Free Report) by 721.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 484,135 shares of the company's stock after acquiring an additional 425,207 shares during the quarter. Bank of New York Mellon Corp owned 0.24% of Emerald worth $2,334,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of Emerald by 1,249.7% during the third quarter. Jane Street Group LLC now owns 352,566 shares of the company's stock worth $1,759,000 after buying an additional 326,445 shares during the period. Geode Capital Management LLC raised its holdings in shares of Emerald by 1.2% in the third quarter. Geode Capital Management LLC now owns 391,404 shares of the company's stock valued at $1,953,000 after purchasing an additional 4,760 shares during the last quarter. State Street Corp boosted its holdings in Emerald by 5.7% during the third quarter. State Street Corp now owns 235,640 shares of the company's stock worth $1,176,000 after purchasing an additional 12,622 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Emerald by 247.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 148,201 shares of the company's stock worth $740,000 after purchasing an additional 105,535 shares during the last quarter. Finally, Barclays PLC grew its position in Emerald by 184.2% in the third quarter. Barclays PLC now owns 21,977 shares of the company's stock valued at $109,000 after purchasing an additional 14,244 shares in the last quarter. 14.90% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, Rosenblatt Securities restated a "buy" rating and issued a $7.80 price objective on shares of Emerald in a report on Thursday, March 13th.

Emerald Stock Down 2.0 %

Shares of NYSE:EEX traded down $0.08 during midday trading on Tuesday, hitting $3.86. The stock had a trading volume of 116,028 shares, compared to its average volume of 176,175. The company has a market cap of $772.18 million, a P/E ratio of -7.15 and a beta of 1.31. Emerald Holding, Inc. has a 12 month low of $3.55 and a 12 month high of $7.05. The business's 50-day simple moving average is $4.30 and its 200-day simple moving average is $4.58. 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 - Get Free Report) last issued its earnings results on Friday, March 14th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.03. The company had revenue of $106.80 million for 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a dividend of $0.015 per share. The ex-dividend date was Monday, March 10th. This represents a $0.06 dividend on an annualized basis and a yield of 1.55%. Emerald's dividend payout ratio (DPR) is -120.00%.

Emerald Company 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.