Copeland Capital Management LLC Buys 2,718 Shares of Emerald Holding, Inc. $EEX

Copeland Capital Management LLC raised its stake in Emerald Holding, Inc. (NYSE:EEX) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,328 shares of the company’s stock after purchasing an additional 2,718 shares during the period. Copeland Capital Management LLC’s holdings in Emerald were worth $94,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MSD Partners L.P. increased its stake in Emerald by 110.0% in the first quarter. MSD Partners L.P. now owns 1,050,000 shares of the company’s stock valued at $4,126,000 after purchasing an additional 550,000 shares in the last quarter. Contrarian Capital Management L.L.C. grew its holdings in shares of Emerald by 3.5% during the first quarter. Contrarian Capital Management L.L.C. now owns 818,862 shares of the company’s stock valued at $3,218,000 after buying an additional 27,977 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Emerald by 24.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 675,356 shares of the company’s stock valued at $2,654,000 after buying an additional 131,200 shares during the last quarter. State of Wyoming grew its holdings in shares of Emerald by 8.6% during the first quarter. State of Wyoming now owns 93,698 shares of the company’s stock valued at $368,000 after buying an additional 7,409 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Emerald during the first quarter valued at about $352,000. 14.90% of the stock is owned by institutional investors.

Emerald Stock Down 0.2%

Emerald stock opened at $4.93 on Friday. Emerald Holding, Inc. has a fifty-two week low of $3.21 and a fifty-two week high of $5.45. The stock has a market cap of $976.01 million, a PE ratio of 98.60 and a beta of 1.09. The firm’s 50-day simple moving average is $5.01 and its 200 day simple moving average is $4.64. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05.

Emerald (NYSE:EEX) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.01) earnings per share for the quarter. Emerald had a return on equity of 2.03% and a net margin of 1.83%.The firm had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $100.40 million. During the same quarter last year, the firm posted ($0.02) earnings per share. Emerald has set its FY 2025 guidance at EPS.

Emerald Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, August 14th. Emerald’s payout ratio is presently 120.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Emerald in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Emerald from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Rosenblatt Securities lifted their price objective on shares of Emerald from $7.80 to $7.90 and gave the company a “buy” rating in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Emerald has a consensus rating of “Moderate Buy” and an average target price of $7.95.

About Emerald

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.