Jane Street Group LLC Grows Stock Holdings in Emerald Holding, Inc. (NYSE:EEX)

Jane Street Group LLC lifted its stake in shares of Emerald Holding, Inc. (NYSE:EEX) by 1,249.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 352,566 shares of the company’s stock after acquiring an additional 326,445 shares during the quarter. Jane Street Group LLC owned approximately 0.17% of Emerald worth $1,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EEX. SG Americas Securities LLC purchased a new position in Emerald during the 3rd quarter worth $53,000. Paloma Partners Management Co bought a new position in shares of Emerald during the 3rd quarter worth $164,000. Centiva Capital LP purchased a new position in shares of Emerald during the third quarter valued at $169,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Emerald in the third quarter valued at about $195,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Emerald in the third quarter worth about $222,000. Institutional investors own 14.90% of the company’s stock.

Emerald Price Performance

Shares of EEX stock opened at $4.76 on Thursday. The company has a market cap of $966.20 million, a P/E ratio of -8.81 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27. The stock’s 50-day moving average is $4.66 and its 200 day moving average is $5.11. Emerald Holding, Inc. has a 1-year low of $3.92 and a 1-year 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 given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, November 8th. Emerald’s payout ratio is currently -11.11%.

Wall Street Analyst Weigh In

A number of research firms have commented on EEX. Maxim Group cut their target price on shares of 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 reduced their price objective on shares of Emerald from $8.40 to $7.80 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.