Emerald Holding, Inc. (NYSE:EEX) is Littlejohn & Co. LLC's 9th Largest Position

Littlejohn & Co. LLC lowered its holdings in Emerald Holding, Inc. (NYSE:EEX - Free Report) by 68.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,077 shares of the company's stock after selling 806,879 shares during the period. Emerald accounts for 0.9% of Littlejohn & Co. LLC's investment portfolio, making the stock its 9th biggest position. Littlejohn & Co. LLC owned about 0.18% of Emerald worth $1,817,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Emerald in the 3rd quarter valued at about $53,000. Dynamic Technology Lab Private Ltd purchased a new stake in Emerald during the third quarter worth approximately $222,000. Bank of New York Mellon Corp increased its position in shares of Emerald by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company's stock worth $401,000 after acquiring an additional 3,950 shares in the last quarter. FFT Wealth Management LLC purchased a new position in shares of Emerald in the 2nd quarter valued at $532,000. Finally, Thrivent Financial for Lutherans boosted its position in Emerald by 17.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company's stock worth $719,000 after purchasing an additional 19,156 shares during the period. 14.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EEX shares. Rosenblatt Securities reduced their price target on Emerald from $8.40 to $7.80 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Maxim Group dropped their price objective on Emerald from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, October 31st.

Emerald Stock Performance

EEX stock traded down $0.18 during trading on Monday, hitting $4.88. 88,127 shares of the company's stock traded hands, compared to its average volume of 152,662. The stock has a market capitalization of $990.54 million, a price-to-earnings ratio of -9.04 and a beta of 1.39. Emerald Holding, Inc. has a 52 week low of $3.92 and a 52 week high of $7.05. The stock has a fifty day moving average price of $4.53 and a two-hundred day moving average price of $5.26. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Monday, November 11th were paid a $0.015 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.06 annualized dividend and a dividend yield of 1.23%. Emerald's payout ratio is -11.11%.

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.