Goldman Sachs Group Inc. Takes Position in Emerald Expositions Events, Inc. (EEX)

Goldman Sachs Group Inc. bought a new position in Emerald Expositions Events, Inc. (NYSE:EEX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 79,653 shares of the company’s stock, valued at approximately $1,744,000. Goldman Sachs Group Inc. owned 0.11% of Emerald Expositions Events as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EEX. Nationwide Fund Advisors purchased a new position in shares of Emerald Expositions Events in the second quarter worth $200,000. Atlantic Trust Group LLC purchased a new position in shares of Emerald Expositions Events in the second quarter worth $274,000. Parametric Portfolio Associates LLC purchased a new position in shares of Emerald Expositions Events in the second quarter worth $340,000. New York State Common Retirement Fund purchased a new position in shares of Emerald Expositions Events in the second quarter worth $366,000. Finally, Rhumbline Advisers purchased a new position in shares of Emerald Expositions Events in the second quarter worth $376,000. 26.69% of the stock is currently owned by institutional investors.

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Emerald Expositions Events (NYSE:EEX) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $74.14 million during the quarter, compared to the consensus estimate of $74.81 million.

Separately, Zacks Investment Research raised shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.28.

Emerald Expositions Events 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)

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