27,700 Shares in Emerald Expositions Events, Inc. (EEX) Purchased by California State Teachers Retirement System
California State Teachers Retirement System acquired a new position in Emerald Expositions Events, Inc. (NYSE:EEX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 27,700 shares of the company’s stock, valued at approximately $607,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC acquired a new stake in shares of Emerald Expositions Events during the second quarter worth $148,827,000. JPMorgan Chase & Co. acquired a new stake in shares of Emerald Expositions Events during the second quarter worth $32,245,000. Lazard Asset Management LLC acquired a new stake in shares of Emerald Expositions Events during the second quarter worth $30,602,000. Vanguard Group Inc. acquired a new stake in shares of Emerald Expositions Events during the second quarter worth $27,309,000. Finally, Bamco Inc. NY acquired a new stake in shares of Emerald Expositions Events during the second quarter worth $21,900,000. 26.61% of the stock is currently owned by institutional investors.
EEX has been the topic of a number of recent analyst reports. Zacks Investment Research raised Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Robert W. Baird boosted their target price on Emerald Expositions Events from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.40.
In related news, Director Jeffrey G. Naylor sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $22.13, for a total transaction of $265,560.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Charles sold 17,675 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $22.28, for a total value of $393,799.00. The disclosure for this sale can be found here. Insiders have sold 36,341 shares of company stock worth $807,544 over the last three months.
Shares of Emerald Expositions Events, Inc. (EEX) opened at $22.51 on Tuesday. Emerald Expositions Events, Inc. has a 52-week low of $18.67 and a 52-week high of $24.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.63 and a current ratio of 0.63.
Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $100.40 million for the quarter, compared to analyst estimates of $107.24 million. Emerald Expositions Events had a return on equity of 7.09% and a net margin of 5.19%. Emerald Expositions Events’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. research analysts predict that Emerald Expositions Events, Inc. will post 1.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, November 15th.
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.
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