Charles Schwab Investment Management Inc. Has $740,000 Position in Emerald Holding, Inc. (NYSE:EEX)

Charles Schwab Investment Management Inc. boosted its holdings in Emerald Holding, Inc. (NYSE:EEX) by 247.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,201 shares of the company’s stock after acquiring an additional 105,535 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.07% of Emerald worth $740,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EEX. FFT Wealth Management LLC bought a new stake in shares of Emerald during the second quarter worth $532,000. Dimensional Fund Advisors LP lifted its position in Emerald by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock worth $1,531,000 after buying an additional 2,624 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Emerald by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock worth $1,112,000 after acquiring an additional 16,200 shares during the last quarter. Bank of New York Mellon Corp increased its position in 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 acquiring an additional 3,950 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Emerald in the third quarter worth about $53,000. 14.90% of the stock is currently owned by institutional investors.

Emerald Stock Performance

Shares of NYSE EEX opened at $4.60 on Thursday. 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 stock has a 50 day moving average price of $4.59 and a 200 day moving average price of $5.14. The stock has a market capitalization of $933.73 million, a PE ratio of -8.52 and a beta of 1.44. Emerald Holding, Inc. has a 52 week low of $3.92 and a 52 week high of $7.05.

Emerald Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Monday, November 11th were paid a dividend of $0.015 per share. The ex-dividend date was Friday, November 8th. This represents a $0.06 annualized dividend and a dividend yield of 1.30%. Emerald’s dividend payout ratio is presently -11.11%.

Analyst Upgrades and Downgrades

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