MSD Partners L.P. Grows Stock Position in Emerald Holding, Inc. $EEX

Key Points

• MSD Partners L.P. increased its stake in Emerald Holding, Inc. by 110% by acquiring an additional 550,000 shares, bringing its total ownership to about 1,050,000 shares, which represents 3.1% of its investment portfolio.
• Emerald's stock has experienced a recent 0.6% decline and currently trades at approximately $5.14, with a market capitalization of $1.02 billion.
• Analysts have a positive outlook on Emerald, with a consensus rating of "Buy" and a target price increase from $7.80 to $7.90.

MSD Partners L.P. increased its holdings in Emerald Holding, Inc. (NYSE:EEX - Free Report) by 110.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,050,000 shares of the company's stock after purchasing an additional 550,000 shares during the quarter. Emerald makes up approximately 3.1% of MSD Partners L.P.'s holdings, making the stock its 6th largest holding. MSD Partners L.P. owned about 0.53% of Emerald worth $4,126,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EEX. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Emerald by 24.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 675,356 shares of the company's stock worth $2,654,000 after purchasing an additional 131,200 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Emerald during the 1st quarter valued at approximately $116,000. Contrarian Capital Management L.L.C. boosted its position in Emerald by 3.5% during the 1st quarter. Contrarian Capital Management L.L.C. now owns 818,862 shares of the company's stock valued at $3,218,000 after acquiring an additional 27,977 shares in the last quarter. State of Wyoming boosted its position in Emerald by 36.6% during the 4th quarter. State of Wyoming now owns 86,289 shares of the company's stock valued at $416,000 after acquiring an additional 23,101 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Emerald during the 1st quarter valued at approximately $78,000. 14.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EEX has been the topic of several research reports. Rosenblatt Securities lifted their price objective on Emerald from $7.80 to $7.90 and gave the company a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen raised Emerald from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $7.95.

Emerald Stock Down 3.3%

EEX stock traded down $0.17 during midday trading on Friday, hitting $5.13. The company's stock had a trading volume of 36,513 shares, compared to its average volume of 39,220. The company has a market cap of $1.01 billion, a PE ratio of 102.54 and a beta of 1.19. Emerald Holding, Inc. has a 12 month low of $3.21 and a 12 month high of $6.65. 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's 50-day moving average is $5.05 and its 200-day moving average is $4.51.

Emerald (NYSE:EEX - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $105.50 million during the quarter, compared to the consensus estimate of $100.40 million. Emerald had a net margin of 1.83% and a return on equity of 2.03%. During the same period last year, the company posted ($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 given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 14th. Emerald's payout ratio is 120.00%.

Emerald 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.