Hotchkis & Wiley Capital Management LLC Raises Stock Holdings in Emerald Holding, Inc. $EEX

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Emerald Holding, Inc. by 24.1%, bringing their total holdings to approximately 675,356 shares worth around $2.65 million as of the end of the most recent quarter.
• Emerald recently announced a quarterly dividend of $0.015, resulting in an annualized payout of $0.06 with a yield of 1.2%, although the current payout ratio is quite high at 120.00%.
• Despite the recent dividend announcement, analyst ratings for Emerald have been mixed, with Wall Street Zen downgrading the stock from "buy" to "hold," while other analysts maintain a "buy" rating with a consensus price target of $7.95.

Hotchkis & Wiley Capital Management LLC raised its holdings in Emerald Holding, Inc. (NYSE:EEX - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 675,356 shares of the company's stock after purchasing an additional 131,200 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.34% of Emerald worth $2,654,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EEX. Two Sigma Securities LLC purchased a new position in shares of Emerald during the 4th quarter valued at approximately $62,000. Copeland Capital Management LLC lifted its holdings in Emerald by 40.5% during the first quarter. Copeland Capital Management LLC now owns 16,610 shares of the company's stock valued at $65,000 after purchasing an additional 4,784 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Emerald in the fourth quarter valued at about $69,000. Nuveen LLC purchased a new stake in shares of Emerald during the first quarter worth about $78,000. Finally, First Manhattan CO. LLC. raised its position in shares of Emerald by 16.4% during the 4th quarter. First Manhattan CO. LLC. now owns 25,338 shares of the company's stock worth $122,000 after purchasing an additional 3,575 shares during the last quarter. 14.90% of the stock is owned by institutional investors and hedge funds.

Emerald Stock Up 1.8%

EEX stock opened at $5.17 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average of $5.00 and a two-hundred day moving average of $4.47. Emerald Holding, Inc. has a 12 month low of $3.21 and a 12 month high of $6.65. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 103.46 and a beta of 1.16.

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

Emerald Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on EEX shares. Wall Street Zen cut Emerald from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Rosenblatt Securities lifted their price target on Emerald from $7.80 to $7.90 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $7.95.

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.

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