Emerald Holding, Inc. (NYSE:EEX – Get Free Report) traded down 0% during mid-day trading on Friday . The stock traded as low as $5.02 and last traded at $5.0390. 220,030 shares were traded during mid-day trading, an increase of 204% from the average daily volume of 72,348 shares. The stock had previously closed at $5.04.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Maxim Group lowered shares of Emerald from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Rosenblatt Securities reissued a “neutral” rating and set a $5.03 price objective (down from $7.70) on shares of Emerald in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded Emerald from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $5.03.
View Our Latest Report on Emerald
Emerald Price Performance
Emerald (NYSE:EEX – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The company had revenue of $155.40 million during the quarter, compared to analysts’ expectations of $155.40 million. Emerald had a negative return on equity of 10.81% and a negative net margin of 8.24%.
Emerald Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 21st were given a $0.015 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.06 annualized dividend and a yield of 1.2%. Emerald’s payout ratio is -31.58%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Advisory Research Inc. raised its position in Emerald by 0.7% during the fourth quarter. Advisory Research Inc. now owns 1,789,157 shares of the company’s stock valued at $7,998,000 after purchasing an additional 13,015 shares in the last quarter. MSD Partners L.P. increased its position in shares of Emerald by 31.3% during the 4th quarter. MSD Partners L.P. now owns 1,400,339 shares of the company’s stock valued at $6,260,000 after purchasing an additional 333,701 shares during the last quarter. State Street Corp raised its holdings in shares of Emerald by 1.0% during the 4th quarter. State Street Corp now owns 241,698 shares of the company’s stock valued at $1,080,000 after buying an additional 2,394 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Emerald by 3.6% during the 1st quarter. Inspire Investing LLC now owns 110,725 shares of the company’s stock valued at $499,000 after buying an additional 3,857 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in Emerald by 197.6% in the 3rd quarter. Citadel Advisors LLC now owns 92,276 shares of the company’s stock worth $470,000 after buying an additional 61,273 shares during the last quarter. Institutional investors own 14.90% of the company’s stock.
Emerald Company Profile
Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.
Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.
See Also
- Five stocks we like better than Emerald
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for Emerald Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald and related companies with MarketBeat.com's FREE daily email newsletter.
