Bank of New York Mellon Corp Has $2.33 Million Stock Position in Emerald Holding, Inc. (NYSE:EEX)

Bank of New York Mellon Corp lifted its position in Emerald Holding, Inc. (NYSE:EEX) by 721.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 484,135 shares of the company’s stock after purchasing an additional 425,207 shares during the period. Bank of New York Mellon Corp’s holdings in Emerald were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in Emerald by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 391,404 shares of the company’s stock valued at $1,953,000 after buying an additional 4,760 shares during the period. Copeland Capital Management LLC bought a new stake in shares of Emerald in the 4th quarter worth about $57,000. State Street Corp lifted its position in Emerald by 5.7% during the 3rd quarter. State Street Corp now owns 235,640 shares of the company’s stock worth $1,176,000 after buying an additional 12,622 shares in the last quarter. Virtu Financial LLC acquired a new position in Emerald during the 3rd quarter worth about $67,000. Finally, Barclays PLC lifted its position in Emerald by 184.2% during the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock worth $109,000 after buying an additional 14,244 shares in the last quarter. 14.90% of the stock is currently owned by institutional investors and hedge funds.

Emerald Price Performance

NYSE EEX opened at $3.92 on Friday. The business has a 50 day simple moving average of $4.32 and a 200 day simple moving average of $4.60. Emerald Holding, Inc. has a 52-week low of $3.55 and a 52-week high of $7.05. 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 cap of $794.68 million, a price-to-earnings ratio of -7.25 and a beta of 1.31.

Emerald (NYSE:EEX) last issued its quarterly earnings results on Friday, March 14th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $108.05 million. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%.

Emerald Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Monday, March 10th. Emerald’s dividend payout ratio is -120.00%.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reiterated a “buy” rating and set a $7.80 price target on shares of Emerald in a research report on Thursday, March 13th.

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.