Emerald Holding, Inc. (NYSE:EEX) Short Interest Down 21.2% in February

Emerald Holding, Inc. (NYSE:EEX) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 244,056 shares, a decrease of 21.2% from the February 12th total of 309,521 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 34,793 shares, the short-interest ratio is presently 7.0 days. Based on an average daily volume of 34,793 shares, the short-interest ratio is presently 7.0 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EEX. State of Alaska Department of Revenue purchased a new position in Emerald during the third quarter worth approximately $31,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Emerald during the 2nd quarter worth approximately $33,000. Russell Investments Group Ltd. lifted its position in shares of Emerald by 127.0% during the fourth quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock worth $31,000 after purchasing an additional 3,892 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Emerald in the 4th quarter worth $67,000. Finally, Wells Fargo & Company MN boosted its holdings in Emerald by 79.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,308 shares of the company’s stock valued at $68,000 after purchasing an additional 6,756 shares during the last quarter. 14.90% of the stock is currently owned by hedge funds and other institutional investors.

Emerald Price Performance

Shares of EEX stock traded down $0.01 during trading hours on Tuesday, hitting $4.50. The company’s stock had a trading volume of 38,093 shares, compared to its average volume of 32,129. The business has a fifty day moving average of $4.63 and a 200-day moving average of $4.54. The stock has a market cap of $889.61 million, a price-to-earnings ratio of -29.96 and a beta of 0.63. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.47. Emerald has a twelve month low of $3.21 and a twelve month high of $5.45.

Emerald (NYSE:EEX) last released its quarterly earnings results on Friday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.19). The company had revenue of $132.70 million during the quarter, compared to analyst estimates of $131.00 million. Emerald had a negative return on equity of 8.24% and a negative net margin of 6.62%.

Emerald Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 23rd will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.06 annualized dividend and a dividend yield of 1.3%. Emerald’s dividend payout ratio is presently -40.00%.

Analysts Set New Price Targets

EEX has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Emerald in a research report on Monday, December 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $7.70 target price on shares of Emerald in a research note on Monday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.70.

Emerald Company Profile

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.