Dimensional Fund Advisors LP Sells 184,374 Shares of Emerald Holding, Inc. (NYSE:EEX)

Dimensional Fund Advisors LP lessened its stake in shares of Emerald Holding, Inc. (NYSE:EEX - Free Report) by 66.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 95,071 shares of the company's stock after selling 184,374 shares during the period. Dimensional Fund Advisors LP's holdings in Emerald were worth $458,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in shares of Emerald by 721.6% in the fourth quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company's stock valued at $2,334,000 after acquiring an additional 425,207 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Emerald in the fourth quarter valued at about $2,970,000. Advisory Research Inc. lifted its position in shares of Emerald by 15.4% in the fourth quarter. Advisory Research Inc. now owns 1,309,139 shares of the company's stock valued at $6,310,000 after acquiring an additional 175,000 shares in the last quarter. Cannell Capital LLC lifted its position in shares of Emerald by 5.0% in 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 in the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of Emerald in the fourth quarter valued at about $210,000. Institutional investors own 14.90% of the company's stock.

Emerald Price Performance

Shares of NYSE:EEX traded down $0.09 during mid-day trading on Thursday, reaching $4.46. The stock had a trading volume of 71,000 shares, compared to its average volume of 194,124. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The company has a market cap of $886.91 million, a P/E ratio of -8.26 and a beta of 1.05. Emerald Holding, Inc. has a 1 year low of $3.22 and a 1 year high of $6.74. The business's 50 day moving average price is $4.03 and its 200 day moving average price is $4.38.

Emerald (NYSE:EEX - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $147.70 million for the quarter, compared to the consensus estimate of $134.30 million. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%.

Emerald Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.015 per share. The ex-dividend date is Monday, May 12th. This represents a $0.06 annualized dividend and a yield of 1.35%. Emerald's payout ratio is currently 200.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on EEX. Wall Street Zen downgraded Emerald from a "buy" rating to a "hold" rating in a research report on Thursday. Rosenblatt Securities reiterated a "buy" rating and issued a $7.80 target price on shares of Emerald in a research report on Friday, May 2nd.

About Emerald

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.