State of New Jersey Common Pension Fund D Buys New Position in Emerald Expositions Events, Inc. (EEX)

State of New Jersey Common Pension Fund D purchased a new position in Emerald Expositions Events, Inc. (NYSE:EEX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $2,190,000. State of New Jersey Common Pension Fund D owned about 0.14% of Emerald Expositions Events at the end of the most recent reporting period.

Separately, Spark Investment Management LLC acquired a new position in shares of Emerald Expositions Events during the second quarter worth $2,525,000. Hedge funds and other institutional investors own 0.86% of the company’s stock.

Emerald Expositions Events, Inc. (NYSE:EEX) opened at 21.63 on Friday. Emerald Expositions Events, Inc. has a 52 week low of $18.67 and a 52 week high of $25.89. The stock has a market cap of $1.56 billion and a price-to-earnings ratio of 83.84. The firm’s 50 day moving average price is $22.13 and its 200-day moving average price is $21.64.

Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $74.14 million for the quarter, compared to analysts’ expectations of $74.81 million. Analysts expect that Emerald Expositions Events, Inc. will post $1.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, August 15th.

TRADEMARK VIOLATION WARNING: “State of New Jersey Common Pension Fund D Buys New Position in Emerald Expositions Events, Inc. (EEX)” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://sportsperspectives.com/2017/08/18/state-of-new-jersey-common-pension-fund-d-buys-new-position-in-emerald-expositions-events-inc-eex.html.

A number of brokerages have weighed in on EEX. Zacks Investment Research lowered Emerald Expositions Events from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reduced their price target on Emerald Expositions Events from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 30th. Citigroup Inc. began coverage on Emerald Expositions Events in a research note on Wednesday, May 24th. They set a “buy” rating and a $25.00 price target on the stock. Bank of America Corporation began coverage on Emerald Expositions Events in a research note on Tuesday, May 23rd. They set a “buy” rating and a $25.00 price target on the stock. Finally, Credit Suisse Group began coverage on Emerald Expositions Events in a research note on Tuesday, May 23rd. They set a “neutral” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Emerald Expositions Events currently has a consensus rating of “Hold” and an average target price of $24.28.

Emerald Expositions Events Company Profile

Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.

Institutional Ownership by Quarter for Emerald Expositions Events (NYSE:EEX)

Receive News & Ratings for Emerald Expositions Events Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerald Expositions Events Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply