Centiva Capital LP Takes $169,000 Position in Emerald Holding, Inc. (NYSE:EEX)

Centiva Capital LP acquired a new stake in Emerald Holding, Inc. (NYSE:EEX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 33,948 shares of the company’s stock, valued at approximately $169,000.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Emerald in the 3rd quarter valued at $53,000. Paloma Partners Management Co acquired a new position in shares of Emerald in the 3rd quarter valued at $164,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Emerald in the 3rd quarter valued at $195,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Emerald in the 3rd quarter valued at $222,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Emerald by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock valued at $401,000 after purchasing an additional 3,950 shares during the period. 14.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EEX shares. Maxim Group reduced their price objective on shares of Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Rosenblatt Securities reduced their target price on shares of Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a research report on Thursday, October 31st.

Emerald Stock Performance

Shares of EEX stock opened at $4.74 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $962.14 million, a P/E ratio of -8.78 and a beta of 1.44. The company has a 50 day moving average price of $4.56 and a 200 day moving average price of $5.17. Emerald Holding, Inc. has a fifty-two week low of $3.92 and a fifty-two week high of $7.05.

Emerald Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Monday, November 11th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, November 8th. Emerald’s dividend payout ratio (DPR) is currently -11.11%.

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.