Vontobel Holding Ltd. Purchases Shares of 12,600 Emerald Holding, Inc. $EEX

Vontobel Holding Ltd. purchased a new stake in shares of Emerald Holding, Inc. (NYSE:EEX) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 12,600 shares of the company’s stock, valued at approximately $61,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Copeland Capital Management LLC grew its holdings in shares of Emerald by 40.5% during the 1st quarter. Copeland Capital Management LLC now owns 16,610 shares of the company’s stock worth $65,000 after acquiring an additional 4,784 shares during the period. Nuveen LLC purchased a new position in shares of Emerald during the 1st quarter worth approximately $78,000. Cubist Systematic Strategies LLC purchased a new position in shares of Emerald during the 1st quarter worth approximately $116,000. Hsbc Holdings PLC grew its holdings in shares of Emerald by 12.3% during the 1st quarter. Hsbc Holdings PLC now owns 39,818 shares of the company’s stock worth $153,000 after acquiring an additional 4,351 shares during the period. Finally, Inspire Investing LLC purchased a new position in shares of Emerald during the 1st quarter worth approximately $352,000. Institutional investors own 14.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EEX shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Emerald in a report on Wednesday, October 8th. Wall Street Zen upgraded Emerald from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Rosenblatt Securities upped their target price on Emerald from $7.80 to $7.90 and gave the stock a “buy” rating in a report on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.95.

Emerald Stock Performance

EEX stock opened at $4.87 on Thursday. The stock’s 50 day simple moving average is $5.00 and its 200 day simple moving average is $4.69. The stock has a market capitalization of $963.12 million, a PE ratio of 97.30 and a beta of 1.09. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.29. Emerald Holding, Inc. has a 12-month low of $3.21 and a 12-month high of $5.45.

Emerald (NYSE:EEX) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $105.50 million for the quarter, compared to the consensus estimate of $100.40 million. Emerald had a net margin of 1.83% and a return on equity of 2.03%. During the same period in the previous year, the company earned ($0.02) earnings per share. Emerald has set its FY 2025 guidance at EPS.

Emerald Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 14th. Emerald’s dividend payout ratio is presently 120.00%.

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.