Emerald Holding, Inc. (NYSE:EEX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in Emerald Holding, Inc. (NYSE:EEX - Free Report) by 85.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,094 shares of the company's stock after selling 302,472 shares during the period. Jane Street Group LLC's holdings in Emerald were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Cannell Capital LLC grew its stake in Emerald by 5.0% in the 4th quarter. Cannell Capital LLC now owns 2,181,027 shares of the company's stock worth $10,513,000 after acquiring an additional 104,299 shares during the period. Advisory Research Inc. grew 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 purchasing an additional 175,000 shares during the period. Contrarian Capital Management L.L.C. grew its position in shares of Emerald by 1.0% in the fourth quarter. Contrarian Capital Management L.L.C. now owns 790,885 shares of the company's stock valued at $3,812,000 after purchasing an additional 7,878 shares during the period. Raymond James Financial Inc. acquired a new position in Emerald in the fourth quarter valued at $2,970,000. Finally, Bank of New York Mellon Corp lifted its position in Emerald by 721.6% during the fourth 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 period. Institutional investors and hedge funds own 14.90% of the company's stock.

Analysts Set New Price Targets

EEX has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Emerald from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Rosenblatt Securities restated a "buy" rating and set a $7.80 price objective on shares of Emerald in a report on Friday, May 2nd.

Emerald Trading Up 1.0%

Shares of NYSE EEX traded up $0.05 during midday trading on Friday, hitting $4.69. The stock had a trading volume of 90,333 shares, compared to its average volume of 197,453. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. Emerald Holding, Inc. has a 1-year low of $3.22 and a 1-year high of $6.74. The company has a market capitalization of $931.65 million, a price-to-earnings ratio of -8.68 and a beta of 1.05. The company has a fifty day moving average price of $4.16 and a 200 day moving average price of $4.38.

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

Emerald Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 12th were issued a $0.015 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.06 annualized dividend and a yield of 1.28%. Emerald's dividend payout ratio is currently 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.