Emerald (NYSE:EEX) Sees Large Volume Increase – What’s Next?

Emerald Holding, Inc. (NYSE:EEX) shares saw an uptick in trading volume on Thursday . 564,057 shares changed hands during trading, an increase of 343% from the previous session’s volume of 127,241 shares.The stock last traded at $4.25 and had previously closed at $4.38.

Analyst Ratings Changes

A number of brokerages have commented on EEX. Rosenblatt Securities reduced their target price on Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a report on Thursday, October 31st. Maxim Group reduced their target price on Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 31st.

Emerald Stock Performance

The stock has a market cap of $876.89 million, a PE ratio of -8.00 and a beta of 1.43. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average of $4.63 and a 200 day moving average of $4.78.

Hedge Funds Weigh In On Emerald

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Emerald in the fourth quarter valued at $2,970,000. MSD Partners L.P. purchased a new stake in Emerald in the fourth quarter valued at $2,410,000. Bank of New York Mellon Corp raised its position in Emerald by 721.6% in the fourth quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company’s stock valued at $2,334,000 after purchasing an additional 425,207 shares during the period. Jane Street Group LLC raised its position in Emerald by 1,249.7% in the third quarter. Jane Street Group LLC now owns 352,566 shares of the company’s stock valued at $1,759,000 after purchasing an additional 326,445 shares during the period. Finally, Advisory Research Inc. raised its holdings in shares of Emerald by 15.4% in the 4th quarter. Advisory Research Inc. now owns 1,309,139 shares of the company’s stock valued at $6,310,000 after buying an additional 175,000 shares during the period. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Emerald Company Profile

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.