Jane Street Group LLC Has $241,000 Holdings in Emerald Holding, Inc. (NYSE:EEX)

Jane Street Group LLC cut its position in shares of Emerald Holding, Inc. (NYSE:EEX - Free Report) by 85.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 50,094 shares of the company's stock after selling 302,472 shares during the quarter. Jane Street Group LLC's holdings in Emerald were worth $241,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of EEX. Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 425,207 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Emerald during the fourth quarter worth $92,000. Raymond James Financial Inc. acquired a new stake in shares of Emerald during the fourth quarter worth $2,970,000. American Century Companies Inc. acquired a new stake in shares of Emerald during the fourth quarter worth $210,000. Finally, Geode Capital Management LLC raised its position in shares of Emerald by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 394,834 shares of the company's stock worth $1,903,000 after purchasing an additional 3,430 shares during the period. 14.90% of the stock is currently owned by institutional investors and hedge funds.

Emerald Stock Up 1.0%

Shares of EEX stock traded up $0.05 on Friday, reaching $4.69. 90,333 shares of the company's stock traded hands, compared to its average volume of 198,656. Emerald Holding, Inc. has a 12-month low of $3.22 and a 12-month high of $6.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $931.65 million, a P/E ratio of -8.68 and a beta of 1.11. The business's 50 day moving average price is $4.17 and its two-hundred day moving average price is $4.37.

Emerald (NYSE:EEX - Get Free Report) last issued 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 return on equity of 13.26% and a negative net margin of 5.29%. The business had revenue of $147.70 million for the quarter, compared to the consensus estimate of $134.30 million.

Emerald Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.28%. Emerald's dividend payout ratio is 200.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $7.80 target price on shares of Emerald in a research report on Friday, May 2nd. Wall Street Zen raised Emerald from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

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.