Catalyst Funds Management Pty Ltd Sells 11,400 Shares of Emerald Holding, Inc. (NYSE:EEX)

Catalyst Funds Management Pty Ltd lowered its position in shares of Emerald Holding, Inc. (NYSE:EEX) by 38.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,500 shares of the company’s stock after selling 11,400 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Emerald were worth $89,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new position in Emerald during the fourth quarter valued at approximately $57,000. Virtu Financial LLC acquired a new position in Emerald during the third quarter valued at approximately $67,000. Victory Capital Management Inc. acquired a new position in Emerald during the fourth quarter valued at approximately $92,000. Barclays PLC grew its holdings in Emerald by 184.2% during the third quarter. Barclays PLC now owns 21,977 shares of the company’s stock valued at $109,000 after purchasing an additional 14,244 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Emerald during the third quarter valued at approximately $164,000. Institutional investors and hedge funds own 14.90% of the company’s stock.

Analysts Set New Price Targets

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

Emerald Trading Up 11.4 %

Shares of NYSE:EEX opened at $4.07 on Monday. The company’s fifty day simple moving average is $4.37 and its 200 day simple moving average is $4.63. The firm has a market cap of $825.54 million, a price-to-earnings ratio of -7.53 and a beta of 1.31. 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 Holding, Inc. has a 12 month low of $3.55 and a 12 month high of $7.05.

Emerald (NYSE:EEX) last released its quarterly earnings results on Friday, March 14th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%. The firm had revenue of $106.80 million for the quarter, compared to the consensus estimate of $108.05 million.

Emerald Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, March 10th. Emerald’s dividend payout ratio is -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.