Emerald Expositions Events (NYSE:EEX) was upgraded by stock analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research note issued on Wednesday, Marketbeat Ratings reports.
Several other analysts have also recently commented on the stock. ValuEngine upgraded shares of Emerald Expositions Events from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research cut shares of Emerald Expositions Events from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Emerald Expositions Events presently has a consensus rating of “Buy” and an average price target of $24.36.
Emerald Expositions Events (EEX) traded up $0.14 during mid-day trading on Wednesday, reaching $19.00. 275,534 shares of the company were exchanged, compared to its average volume of 169,977. The firm has a market cap of $1,383.53 and a PE ratio of 16.67. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.72. Emerald Expositions Events has a one year low of $18.19 and a one year high of $24.56.
In other Emerald Expositions Events news, major shareholder Corp Onex sold 6,000,000 shares of Emerald Expositions Events stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $17.76, for a total transaction of $106,560,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Gosling sold 5,761 shares of Emerald Expositions Events stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $21.49, for a total transaction of $123,803.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,138,776 shares of company stock valued at $109,510,967.
Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Emerald Expositions Events by 12.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,661,574 shares of the company’s stock valued at $38,748,000 after purchasing an additional 189,166 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Emerald Expositions Events by 7.5% during the 3rd quarter. Bamco Inc. NY now owns 1,075,000 shares of the company’s stock valued at $24,983,000 after purchasing an additional 75,000 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of Emerald Expositions Events during the 2nd quarter valued at approximately $340,000. New York State Common Retirement Fund purchased a new position in shares of Emerald Expositions Events during the 2nd quarter valued at approximately $366,000. Finally, Lazard Asset Management LLC increased its holdings in shares of Emerald Expositions Events by 19.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,550,340 shares of the company’s stock valued at $31,533,000 after purchasing an additional 252,092 shares in the last quarter. 30.03% of the stock is owned by hedge funds and other 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.
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