Thrivent Financial for Lutherans Sells 104,924 Shares of Emerald Holding, Inc. (NYSE:EEX)

Thrivent Financial for Lutherans cut its position in Emerald Holding, Inc. (NYSE:EEX - Free Report) by 83.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,555 shares of the company's stock after selling 104,924 shares during the quarter. Thrivent Financial for Lutherans' holdings in Emerald were worth $108,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FFT Wealth Management LLC purchased a new stake in shares of Emerald during the second quarter worth $532,000. Renaissance Technologies LLC raised its stake in shares of Emerald by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company's stock valued at $1,112,000 after purchasing an additional 16,200 shares during the period. SG Americas Securities LLC purchased a new stake in Emerald during the 3rd quarter worth about $53,000. Vanguard Group Inc. boosted its stake in Emerald by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company's stock worth $7,581,000 after purchasing an additional 5,184 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Emerald by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company's stock valued at $401,000 after buying an additional 3,950 shares in the last quarter. Hedge funds and other institutional investors own 14.90% of the company's stock.

Emerald Price Performance

NYSE EEX traded down $0.13 during trading on Friday, reaching $4.84. The company's stock had a trading volume of 154,313 shares, compared to its average volume of 160,614. The firm has a fifty day moving average of $4.55 and a 200 day moving average of $5.20. Emerald Holding, Inc. has a one year low of $3.92 and a one year high of $7.05. The stock has a market capitalization of $982.42 million, a PE ratio of -8.96 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27.

Emerald Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Monday, November 11th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, November 8th. Emerald's dividend payout ratio is currently -11.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EEX shares. Maxim Group lowered their price target on shares of Emerald from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Rosenblatt Securities lowered their target price on shares of Emerald from $8.40 to $7.80 and set a "buy" rating on the stock in a research note on Thursday, October 31st.

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.