Contrarian Capital Management L.L.C. Takes $570,000 Position in Emerald Holding, Inc. (NYSE:EEX)

Contrarian Capital Management L.L.C. acquired a new stake in Emerald Holding, Inc. (NYSE:EEXGet Rating) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 140,000 shares of the company’s stock, valued at approximately $570,000. Emerald makes up 0.1% of Contrarian Capital Management L.L.C.’s portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Emerald by 2.1% in the first quarter. State Street Corp now owns 458,762 shares of the company’s stock valued at $1,560,000 after buying an additional 9,518 shares during the period. Renaissance Technologies LLC increased its position in Emerald by 16.2% during the 1st quarter. Renaissance Technologies LLC now owns 69,657 shares of the company’s stock valued at $237,000 after purchasing an additional 9,700 shares during the period. Charles Schwab Investment Management Inc. increased its position in Emerald by 28.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 68,664 shares of the company’s stock valued at $234,000 after purchasing an additional 15,388 shares during the period. Lazard Asset Management LLC increased its position in Emerald by 116.6% during the 1st quarter. Lazard Asset Management LLC now owns 7,897 shares of the company’s stock valued at $26,000 after purchasing an additional 4,251 shares during the period. Finally, 1492 Capital Management LLC increased its position in Emerald by 0.7% during the 1st quarter. 1492 Capital Management LLC now owns 511,069 shares of the company’s stock valued at $1,738,000 after purchasing an additional 3,741 shares during the period. Institutional investors and hedge funds own 20.61% of the company’s stock.

Emerald Trading Up 4.2 %

NYSE:EEX traded up $0.17 on Thursday, reaching $4.19. 28,379 shares of the stock traded hands, compared to its average volume of 44,020. The firm has a market capitalization of $283.29 million, a price-to-earnings ratio of 46.56 and a beta of 1.21. The company’s 50 day moving average is $3.49 and its 200-day moving average is $3.53. Emerald Holding, Inc. has a 1-year low of $2.42 and a 1-year high of $4.55.

Emerald (NYSE:EEXGet Rating) last released its earnings results on Thursday, November 3rd. The company reported $0.41 earnings per share for the quarter. The business had revenue of $62.40 million during the quarter. Emerald had a net margin of 39.36% and a negative return on equity of 146.33%.

Emerald Profile

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Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company operates trade shows in various industry sectors, including retail, design and construction, technology, equipment, and safety and security. It also operates content and content-marketing websites, and related digital products, as well as produce publications.

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Want to see what other hedge funds are holding EEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerald Holding, Inc. (NYSE:EEXGet Rating).

Institutional Ownership by Quarter for Emerald (NYSE:EEX)

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