Barclays PLC Has $109,000 Stock Holdings in Emerald Holding, Inc. (NYSE:EEX)

Barclays PLC raised its stake in shares of Emerald Holding, Inc. (NYSE:EEX) by 184.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,977 shares of the company’s stock after purchasing an additional 14,244 shares during the period. Barclays PLC’s holdings in Emerald were worth $109,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EEX shares. Rosenblatt Securities lowered their price objective 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 decreased their price target on shares of Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st.

Emerald Stock Up 2.3 %

EEX opened at $4.58 on Friday. Emerald Holding, Inc. has a fifty-two week low of $3.92 and a fifty-two week high of $7.05. 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 firm’s fifty day moving average price is $4.78 and its two-hundred day moving average price is $4.93. The company has a market capitalization of $928.63 million, a P/E ratio of -8.47 and a beta of 1.44.

Emerald (NYSE:EEX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.05) earnings per share for the quarter. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%. The business had revenue of $72.60 million for the quarter.

Emerald Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Monday, November 11th were issued a dividend of $0.015 per share. The ex-dividend date was Friday, November 8th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.31%. Emerald’s payout ratio is presently -11.11%.

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.