39,070 Shares in Emerald Holding, Inc. (NYSE:EEX) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new stake in Emerald Holding, Inc. (NYSE:EEX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 39,070 shares of the company’s stock, valued at approximately $195,000.

A number of other institutional investors also recently made changes to their positions in EEX. SG Americas Securities LLC acquired a new position in shares of Emerald in the 3rd quarter valued at approximately $53,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Emerald in the 3rd quarter valued at approximately $222,000. Bank of New York Mellon Corp raised its position in shares of Emerald by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock valued at $401,000 after purchasing an additional 3,950 shares in the last quarter. FFT Wealth Management LLC acquired a new position in shares of Emerald in the 2nd quarter valued at approximately $532,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Emerald by 17.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock valued at $719,000 after purchasing an additional 19,156 shares in the last quarter. 14.90% of the stock is owned by institutional investors and hedge funds.

Emerald Price Performance

Shares of NYSE EEX opened at $5.00 on Thursday. Emerald Holding, Inc. has a twelve month low of $3.92 and a twelve month high of $7.05. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -9.26 and a beta of 1.44. The business has a 50 day simple moving average of $4.55 and a 200-day simple moving average of $5.21.

Emerald Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Monday, November 11th were issued a $0.015 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.20%. Emerald’s dividend payout ratio (DPR) is -11.11%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Maxim Group cut their target price on Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Rosenblatt Securities lowered their price target on Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a report on Thursday, October 31st.

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.