Emerald (NYSE:EEX) Sees Strong Trading Volume

Shares of Emerald Holding, Inc. (NYSE:EEX) saw strong trading volume on Monday . 197,958 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 86,403 shares.The stock last traded at $6.56 and had previously closed at $6.51.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities dropped their price objective on Emerald from $8.40 to $8.20 and set a “buy” rating for the company in a research note on Friday, March 1st.

Emerald Trading Down 4.2 %

The company has a fifty day moving average price of $5.94 and a 200 day moving average price of $6.06.

Hedge Funds Weigh In On Emerald

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC grew its position in Emerald by 362.0% in the third quarter. Acadian Asset Management LLC now owns 84,837 shares of the company’s stock worth $382,000 after acquiring an additional 66,475 shares in the last quarter. Cannell Capital LLC lifted its stake in Emerald by 508.6% during the third quarter. Cannell Capital LLC now owns 912,207 shares of the company’s stock worth $4,123,000 after purchasing an additional 762,310 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Emerald in the 4th quarter worth about $159,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Emerald by 99.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 130,322 shares of the company’s stock worth $589,000 after purchasing an additional 64,892 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Emerald by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock valued at $7,581,000 after purchasing an additional 5,184 shares during the last quarter. Institutional investors own 14.90% of the company’s stock.

About Emerald

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.