First Trust Advisors LP lifted its position in shares of Emerald Expositions Events Inc (NYSE:EEX) by 37.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,310 shares of the company’s stock after acquiring an additional 55,491 shares during the quarter. First Trust Advisors LP owned 0.28% of Emerald Expositions Events worth $2,497,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of EEX. Burgundy Asset Management Ltd. purchased a new position in Emerald Expositions Events in the 3rd quarter valued at about $9,917,000. BlackRock Inc. lifted its stake in Emerald Expositions Events by 22.2% in the 3rd quarter. BlackRock Inc. now owns 1,918,076 shares of the company’s stock valued at $31,610,000 after buying an additional 348,276 shares in the last quarter. River Road Asset Management LLC purchased a new position in Emerald Expositions Events in the 4th quarter valued at about $3,846,000. Dimensional Fund Advisors LP lifted its stake in Emerald Expositions Events by 94.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 508,601 shares of the company’s stock valued at $8,382,000 after buying an additional 246,507 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Emerald Expositions Events by 51.1% in the 3rd quarter. Wells Fargo & Company MN now owns 520,915 shares of the company’s stock valued at $8,585,000 after buying an additional 176,067 shares in the last quarter. 34.51% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on EEX. Royal Bank of Canada began coverage on shares of Emerald Expositions Events in a research note on Monday, November 19th. They issued a “sector perform” rating and a $13.00 price target on the stock. ValuEngine lowered shares of Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a research note on Friday, January 4th. Zacks Investment Research upgraded shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Barclays downgraded shares of Emerald Expositions Events from an “equal weight” rating to an “underweight” rating and set a $12.00 price objective for the company. in a report on Friday, January 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Emerald Expositions Events currently has a consensus rating of “Hold” and an average target price of $14.29.
EEX stock opened at $12.62 on Friday. The stock has a market capitalization of $888.65 million, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 1.29 and a beta of 0.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.38. Emerald Expositions Events Inc has a 12 month low of $10.76 and a 12 month high of $21.56.
Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings data on Thursday, February 14th. The company reported ($1.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($1.43). The business had revenue of $57.00 million during the quarter, compared to analyst estimates of $53.55 million. Emerald Expositions Events had a negative net margin of 6.59% and a positive return on equity of 12.83%. The firm’s revenue was up 81.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. On average, sell-side analysts expect that Emerald Expositions Events Inc will post 1.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 19th were issued a $0.0725 dividend. This is an increase from Emerald Expositions Events’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 15th. This represents a $0.29 dividend on an annualized basis and a yield of 2.30%. Emerald Expositions Events’s dividend payout ratio is presently 21.80%.
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Emerald Expositions Events Profile
Emerald Expositions Events, Inc operates business-to-business (B2B) trade shows in the United States. The company operates trade shows in various industry sectors, including gift, home and general merchandise; sports; design and construction; technology; jewelry; and others comprising photography, food, healthcare, industrials, and military.
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