Emerald Holding, Inc. (NYSE:EEX) Stock Holdings Lessened by Littlejohn & Co. LLC

Littlejohn & Co. LLC lowered its stake in Emerald Holding, Inc. (NYSE:EEX) by 28.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 259,358 shares of the company’s stock after selling 104,719 shares during the quarter. Emerald accounts for about 0.6% of Littlejohn & Co. LLC’s portfolio, making the stock its 9th biggest holding. Littlejohn & Co. LLC’s holdings in Emerald were worth $1,250,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Cannell Capital LLC boosted its stake in shares of Emerald by 5.0% in the fourth quarter. Cannell Capital LLC now owns 2,181,027 shares of the company’s stock worth $10,513,000 after acquiring an additional 104,299 shares during the last quarter. Advisory Research Inc. lifted its holdings in Emerald by 15.4% in 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. boosted its stake in Emerald by 1.0% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 790,885 shares of the company’s stock worth $3,812,000 after purchasing an additional 7,878 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Emerald during the 4th quarter worth $2,970,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Emerald by 721.6% during the fourth quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company’s stock worth $2,334,000 after buying an additional 425,207 shares in the last quarter. 14.90% of the stock is currently owned by institutional investors and hedge funds.

Emerald Price Performance

NYSE:EEX opened at $4.68 on Monday. Emerald Holding, Inc. has a one year low of $3.22 and a one year high of $6.74. The stock has a market cap of $930.66 million, a PE ratio of -8.67 and a beta of 1.05. 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 $3.90 and a 200 day moving average price of $4.36.

Emerald (NYSE:EEX) last issued its earnings results on Thursday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $147.70 million during the quarter, compared to analysts’ expectations of $134.30 million.

Emerald Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, May 12th. Emerald’s dividend payout ratio (DPR) is presently 200.00%.

Analyst Ratings Changes

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

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.