Emerald Expositions Events, Inc. (EEX) CEO Sells $1,556,109.37 in Stock

Emerald Expositions Events, Inc. (NYSE:EEX) CEO David Loechner sold 74,777 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $20.81, for a total value of $1,556,109.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

David Loechner also recently made the following trade(s):

  • On Wednesday, December 6th, David Loechner sold 40,071 shares of Emerald Expositions Events stock. The shares were sold at an average price of $21.37, for a total value of $856,317.27.
  • On Monday, December 4th, David Loechner sold 53,139 shares of Emerald Expositions Events stock. The shares were sold at an average price of $22.34, for a total value of $1,187,125.26.

Emerald Expositions Events, Inc. (EEX) traded down $0.35 during mid-day trading on Monday, reaching $19.86. The company’s stock had a trading volume of 186,806 shares, compared to its average volume of 174,223. Emerald Expositions Events, Inc. has a 52 week low of $18.67 and a 52 week high of $24.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.63 and a current ratio of 0.63.

Emerald Expositions Events (NYSE:EEX) last posted its earnings results on Thursday, November 2nd. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Emerald Expositions Events had a return on equity of 7.09% and a net margin of 5.19%. The company had revenue of $100.40 million for the quarter, compared to the consensus estimate of $107.24 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. Emerald Expositions Events’s revenue was down .1% on a year-over-year basis. equities analysts predict that Emerald Expositions Events, Inc. will post 1.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Wednesday, November 15th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC bought a new position in shares of Emerald Expositions Events in the third quarter worth about $877,000. Bamco Inc. NY raised its stake in shares of Emerald Expositions Events by 7.5% in the third quarter. Bamco Inc. NY now owns 1,075,000 shares of the company’s stock worth $24,983,000 after buying an additional 75,000 shares during the period. Stifel Financial Corp bought a new position in shares of Emerald Expositions Events in the third quarter worth about $216,000. Schwab Charles Investment Management Inc. raised its stake in shares of Emerald Expositions Events by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 55,295 shares of the company’s stock worth $1,286,000 after buying an additional 2,803 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Emerald Expositions Events by 506.4% in the third quarter. Wells Fargo & Company MN now owns 270,657 shares of the company’s stock worth $6,291,000 after buying an additional 226,026 shares during the period. 26.61% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Robert W. Baird increased their target price on Emerald Expositions Events from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.40.

COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/12/11/emerald-expositions-events-inc-eex-ceo-sells-1556109-37-in-stock.html.

Emerald Expositions Events Company Profile

Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.

Insider Buying and Selling by Quarter for Emerald Expositions Events (NYSE:EEX)

Receive News & Ratings for Emerald Expositions Events Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply