David Loechner Sells 92,587 Shares of Emerald Expositions Events Inc (EEX) Stock

Emerald Expositions Events Inc (NYSE:EEX) CEO David Loechner sold 92,587 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $21.26, for a total value of $1,968,399.62. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Tuesday, December 12th, David Loechner sold 31,555 shares of Emerald Expositions Events stock. The stock was sold at an average price of $20.04, for a total value of $632,362.20.
  • On Friday, December 8th, David Loechner sold 74,777 shares of Emerald Expositions Events stock. The stock was sold at an average price of $20.81, for a total value of $1,556,109.37.
  • On Wednesday, December 6th, David Loechner sold 40,071 shares of Emerald Expositions Events stock. The stock was 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 stock was sold at an average price of $22.34, for a total value of $1,187,125.26.

Emerald Expositions Events Inc (EEX) traded down $0.27 during trading hours on Monday, hitting $21.17. The stock had a trading volume of 59,564 shares, compared to its average volume of 88,040. Emerald Expositions Events Inc has a 12 month low of $18.67 and a 12 month high of $24.56. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.76.

Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $107.24 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. sell-side analysts predict that Emerald Expositions Events Inc will post 1.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a $0.07 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.28 annualized dividend and a dividend yield of 1.32%.

A number of research analysts recently commented on EEX shares. Zacks Investment Research upgraded Emerald Expositions Events from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, January 19th. Robert W. Baird increased their price target on Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, Goldman Sachs Group cut Emerald Expositions Events from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.36.

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Emerald Expositions Events in the second quarter worth $1,196,000. Schwab Charles Investment Management Inc. bought a new position in shares of Emerald Expositions Events in the second quarter worth $1,150,000. Vanguard Group Inc. bought a new position in shares of Emerald Expositions Events in the second quarter worth $27,309,000. JPMorgan Chase & Co. grew its stake in shares of Emerald Expositions Events by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 1,661,574 shares of the company’s stock worth $38,748,000 after purchasing an additional 189,166 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings 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 valued at $24,983,000 after buying an additional 75,000 shares during the period. 27.00% of the stock is owned by institutional investors.

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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)

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