Catalyst Funds Management Pty Ltd Has $89,000 Stock Position in Emerald Holding, Inc. (NYSE:EEX)

Catalyst Funds Management Pty Ltd lowered its stake in Emerald Holding, Inc. (NYSE:EEX) by 38.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,500 shares of the company’s stock after selling 11,400 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Emerald were worth $89,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in Emerald by 1.2% during the third quarter. Geode Capital Management LLC now owns 391,404 shares of the company’s stock worth $1,953,000 after buying an additional 4,760 shares during the last quarter. Copeland Capital Management LLC acquired a new position in Emerald during the fourth quarter worth approximately $57,000. State Street Corp increased its position in Emerald by 5.7% during the third quarter. State Street Corp now owns 235,640 shares of the company’s stock worth $1,176,000 after buying an additional 12,622 shares during the last quarter. Virtu Financial LLC acquired a new position in Emerald during the third quarter worth approximately $67,000. Finally, Barclays PLC increased its position in Emerald by 184.2% during the third quarter. Barclays PLC now owns 21,977 shares of the company’s stock worth $109,000 after buying an additional 14,244 shares during the last quarter. Institutional investors and hedge funds own 14.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reissued a “buy” rating and set a $7.80 price target on shares of Emerald in a research report on Thursday.

Emerald Trading Up 11.4 %

Shares of NYSE:EEX opened at $4.07 on Monday. Emerald Holding, Inc. has a 12-month low of $3.55 and a 12-month high of $7.05. The stock has a market cap of $825.54 million, a PE ratio of -7.53 and a beta of 1.31. The business has a 50 day moving average of $4.37 and a 200-day moving average of $4.63. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02.

Emerald (NYSE:EEX) last issued its quarterly earnings data on Friday, March 14th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%. The company had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $108.05 million.

Emerald Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, March 10th. Emerald’s dividend payout ratio is presently -11.11%.

Emerald Profile

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.