Hsbc Holdings PLC Purchases 7,208 Shares of Emerald Holding, Inc. (NYSE:EEX)

Hsbc Holdings PLC boosted its position in Emerald Holding, Inc. (NYSE:EEX) by 25.5% during the 4th quarter, Holdings Channel reports. The fund owned 35,467 shares of the company’s stock after buying an additional 7,208 shares during the period. Hsbc Holdings PLC’s holdings in Emerald were worth $172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EEX. Cannell Capital LLC raised its position in shares of Emerald by 5.0% during the fourth quarter. Cannell Capital LLC now owns 2,181,027 shares of the company’s stock worth $10,513,000 after purchasing an additional 104,299 shares during the period. Advisory Research Inc. increased its stake in Emerald by 15.4% during the 4th quarter. Advisory Research Inc. now owns 1,309,139 shares of the company’s stock valued at $6,310,000 after purchasing an additional 175,000 shares in the last quarter. Contrarian Capital Management L.L.C. raised its holdings in Emerald by 1.0% during the fourth quarter. Contrarian Capital Management L.L.C. now owns 790,885 shares of the company’s stock worth $3,812,000 after buying an additional 7,878 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Emerald during the fourth quarter worth $2,970,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Emerald by 721.6% in the fourth quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company’s stock valued at $2,334,000 after buying an additional 425,207 shares in the last quarter. Institutional investors own 14.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reissued a “buy” rating and set a $7.80 target price on shares of Emerald in a research report on Friday, May 2nd.

Emerald Stock Up 0.4%

Shares of NYSE:EEX opened at $4.68 on Monday. The business’s 50 day moving average is $3.90 and its 200 day moving average is $4.36. Emerald Holding, Inc. has a 12-month low of $3.22 and a 12-month high of $6.74. The stock has a market cap of $930.66 million, a price-to-earnings ratio of -8.67 and a beta of 1.05. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02.

Emerald (NYSE:EEX) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%. The business had revenue of $147.70 million during the quarter, compared to analyst estimates of $134.30 million.

Emerald Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th will be issued a $0.015 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.06 annualized dividend and a dividend yield of 1.28%. Emerald’s dividend payout ratio is currently 200.00%.

Emerald Company 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.