Spark Investment Management LLC bought a new stake in Emerald Expositions Events, Inc. (NYSE:EEX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 115,300 shares of the company’s stock, valued at approximately $2,525,000. Spark Investment Management LLC owned about 0.16% of Emerald Expositions Events at the end of the most recent quarter.

Emerald Expositions Events, Inc. (EEX) opened at 21.70 on Friday. Emerald Expositions Events, Inc. has a 12 month low of $18.67 and a 12 month high of $23.37. The stock has a market capitalization of $1.57 billion and a price-to-earnings ratio of 62.90. The company has a 50-day moving average of $22.18 and a 200 day moving average of $21.64.

Emerald Expositions Events (NYSE:EEX) last posted its earnings results on Thursday, August 3rd. The company reported $0.18 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $74.14 million for the quarter, compared to analysts’ expectations of $74.81 million. On average, equities research analysts anticipate that Emerald Expositions Events, Inc. will post $1.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.28 annualized dividend and a yield of 1.29%.

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Several research analysts recently issued reports on the stock. Barclays PLC assumed coverage on shares of Emerald Expositions Events in a research report on Tuesday, May 23rd. They issued an “overweight” rating and a $25.00 target price for the company. Bank of America Corporation assumed coverage on shares of Emerald Expositions Events in a research report on Tuesday, May 23rd. They issued a “buy” rating and a $25.00 target price for the company. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Emerald Expositions Events in a research report on Tuesday, May 23rd. They issued a “neutral” rating and a $23.20 target price for the company. Royal Bank Of Canada assumed coverage on shares of Emerald Expositions Events in a research report on Tuesday, May 23rd. They issued an “outperform” rating and a $25.00 target price for the company. Finally, Citigroup Inc. assumed coverage on shares of Emerald Expositions Events in a research report on Wednesday, May 24th. They issued a “buy” rating and a $25.00 target price for the company. One 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target 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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