Barclays PLC Buys 14,244 Shares of Emerald Holding, Inc. (NYSE:EEX)

Barclays PLC grew its stake in shares of Emerald Holding, Inc. (NYSE:EEX) by 184.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,977 shares of the company’s stock after acquiring an additional 14,244 shares during the period. Barclays PLC’s holdings in Emerald were worth $109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EEX. SG Americas Securities LLC purchased a new stake in shares of Emerald during the 3rd quarter valued at approximately $53,000. Paloma Partners Management Co purchased a new stake in shares of Emerald during the 3rd quarter valued at approximately $164,000. Centiva Capital LP purchased a new stake in shares of Emerald during the 3rd quarter valued at approximately $169,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Emerald during the 3rd quarter valued at approximately $195,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Emerald during the 3rd quarter valued at approximately $222,000. 14.90% of the stock is owned by institutional investors.

Emerald Stock Performance

NYSE EEX opened at $4.79 on Thursday. Emerald Holding, Inc. has a 1 year low of $3.92 and a 1 year high of $7.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $972.29 million, a PE ratio of -8.87 and a beta of 1.44. The company’s 50 day simple moving average is $4.73 and its two-hundred day simple moving average is $5.01.

Emerald Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Monday, November 11th were paid a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, November 8th. Emerald’s dividend payout ratio is presently -11.11%.

Analyst Ratings Changes

EEX has been the topic of a number of recent research reports. Maxim Group dropped their price target on shares of Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Rosenblatt Securities dropped their price target 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 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.