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.
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.
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