Goldman Sachs Group Inc. Trims Stock Position in Emerald Holding, Inc. $EEX

Key Points

• Goldman Sachs Group Inc. reduced its stake in Emerald Holding, Inc. by 71.4%, now holding 78,694 shares valued at $309,000 after selling 196,717 shares.
• Other institutional investors like MSD Partners L.P. and Hotchkis & Wiley Capital Management LLC significantly increased their stakes in Emerald during the same period.
• Emerald recently announced a quarterly dividend of $0.015 per share, reflecting a 120.00% payout ratio and a yield of 1.2% amidst its ongoing business operations in B2B trade shows.

Goldman Sachs Group Inc. trimmed its stake in Emerald Holding, Inc. (NYSE:EEX - Free Report) by 71.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 78,694 shares of the company's stock after selling 196,717 shares during the period. Goldman Sachs Group Inc.'s holdings in Emerald were worth $309,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inspire Investing LLC purchased a new stake in shares of Emerald in the 1st quarter valued at approximately $352,000. Hsbc Holdings PLC raised its stake in shares of Emerald by 12.3% in the 1st quarter. Hsbc Holdings PLC now owns 39,818 shares of the company's stock valued at $153,000 after acquiring an additional 4,351 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Emerald by 24.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 675,356 shares of the company's stock valued at $2,654,000 after acquiring an additional 131,200 shares during the period. MSD Partners L.P. raised its stake in shares of Emerald by 110.0% in the 1st quarter. MSD Partners L.P. now owns 1,050,000 shares of the company's stock valued at $4,126,000 after acquiring an additional 550,000 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Emerald in the 1st quarter valued at approximately $78,000. 14.90% of the stock is owned by hedge funds and other institutional investors.

Emerald Trading Up 1.1%

Shares of EEX stock opened at $5.11 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $1.01 billion, a P/E ratio of 102.10 and a beta of 1.19. The company has a 50 day moving average price of $5.03 and a 200 day moving average price of $4.62. Emerald Holding, Inc. has a fifty-two week low of $3.21 and a fifty-two week high of $5.45.

Emerald (NYSE:EEX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.01) earnings per share for the quarter. Emerald had a net margin of 1.83% and a return on equity of 2.03%. The business had revenue of $105.50 million during the quarter, compared to analyst estimates of $100.40 million. During the same quarter last year, the firm posted ($0.02) EPS. Emerald has set its FY 2025 guidance at EPS.

Emerald Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 14th. Emerald's payout ratio is 120.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EEX shares. Wall Street Zen raised shares of Emerald from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Rosenblatt Securities lifted their price objective on shares of Emerald from $7.80 to $7.90 and gave the company a "buy" rating in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $7.95.

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.

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