Dimensional Fund Advisors LP Cuts Holdings in Emerald Holding, Inc. (NYSE:EEX)

Dimensional Fund Advisors LP lowered its stake in Emerald Holding, Inc. (NYSE:EEX - Free Report) by 66.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 95,071 shares of the company's stock after selling 184,374 shares during the quarter. Dimensional Fund Advisors LP's holdings in Emerald were worth $458,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Emerald in the fourth quarter valued at about $2,970,000. Bank of New York Mellon Corp boosted its holdings in Emerald by 721.6% in the 4th quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company's stock worth $2,334,000 after buying an additional 425,207 shares during the last quarter. Advisory Research Inc. increased its stake in Emerald by 15.4% during the 4th quarter. Advisory Research Inc. now owns 1,309,139 shares of the company's stock worth $6,310,000 after buying an additional 175,000 shares in the last quarter. Cannell Capital LLC raised its holdings in shares of Emerald by 5.0% during the fourth quarter. Cannell Capital LLC now owns 2,181,027 shares of the company's stock valued at $10,513,000 after acquiring an additional 104,299 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Emerald during the fourth quarter valued at approximately $210,000. Hedge funds and other institutional investors own 14.90% of the company's stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities reiterated a "buy" rating and set a $7.80 price target on shares of Emerald in a research report on Friday, May 2nd.

Emerald Stock Performance

Shares of NYSE:EEX remained flat at $4.65 during midday trading on Tuesday. 52,938 shares of the stock traded hands, compared to its average volume of 193,269. The stock has a market cap of $924.69 million, a P/E ratio of -8.61 and a beta of 1.05. Emerald Holding, Inc. has a 12-month low of $3.22 and a 12-month high of $6.74. The business's 50-day moving average is $4.00 and its 200 day moving average is $4.37. 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 (NYSE:EEX - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The business had revenue of $147.70 million for the quarter, compared to analyst estimates of $134.30 million. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%.

Emerald Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.06 annualized dividend and a dividend yield of 1.29%. Emerald's payout ratio is 200.00%.

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.