Ritholtz Wealth Management Trims Stake in Emerald Holding, Inc. (NYSE:EEX)

Ritholtz Wealth Management lessened its position in Emerald Holding, Inc. (NYSE:EEXFree Report) by 44.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,535 shares of the company’s stock after selling 10,655 shares during the quarter. Ritholtz Wealth Management’s holdings in Emerald were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EEX. Jane Street Group LLC raised its holdings in Emerald by 1,249.7% in the third quarter. Jane Street Group LLC now owns 352,566 shares of the company’s stock worth $1,759,000 after purchasing an additional 326,445 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Emerald by 247.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 148,201 shares of the company’s stock worth $740,000 after acquiring an additional 105,535 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Emerald during the 3rd quarter valued at about $222,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Emerald during the third quarter worth about $195,000. Finally, Centiva Capital LP purchased a new stake in Emerald in the third quarter worth about $169,000. 14.90% of the stock is currently owned by institutional investors.

Emerald Stock Performance

Shares of EEX stock opened at $4.48 on Thursday. The company has a market capitalization of $910.16 million, a price-to-earnings ratio of -8.30 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. Emerald Holding, Inc. has a one year low of $3.92 and a one year high of $7.05. The company’s 50-day moving average is $4.78 and its 200 day moving average is $4.93.

Emerald (NYSE:EEXGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.05) EPS for the quarter. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%. The firm had revenue of $72.60 million for the quarter.

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. This represents a $0.06 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, November 8th. Emerald’s dividend payout ratio is currently -11.11%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EEX. Maxim Group lowered their target price on shares of Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Rosenblatt Securities lowered their price objective on Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Read Our Latest Stock Report on Emerald

About Emerald

(Free Report)

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.

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Institutional Ownership by Quarter for Emerald (NYSE:EEX)

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