California Public Employees Retirement System acquired a new stake in Emerald Expositions Events, Inc. (NYSE:EEX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,000 shares of the company’s stock, valued at approximately $1,533,000. California Public Employees Retirement System owned 0.10% of Emerald Expositions Events at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Nationwide Fund Advisors bought a new position in shares of Emerald Expositions Events in the second quarter valued at about $200,000. Atlantic Trust Group LLC bought a new position in shares of Emerald Expositions Events in the second quarter valued at about $274,000. New York State Common Retirement Fund bought a new position in shares of Emerald Expositions Events in the second quarter valued at about $366,000. Rhumbline Advisers bought a new position in shares of Emerald Expositions Events in the second quarter valued at about $376,000. Finally, Laurion Capital Management LP bought a new position in shares of Emerald Expositions Events in the second quarter valued at about $438,000. 26.69% of the stock is currently owned by institutional investors.

Emerald Expositions Events, Inc. (EEX) opened at $22.49 on Tuesday. 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, Inc. has a one year low of $18.67 and a one year high of $24.56.

Emerald Expositions Events (NYSE:EEX) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.37 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. The business had revenue of $100.40 million for the quarter, compared to the consensus estimate of $107.24 million. During the same period in the prior year, the company posted $0.43 earnings per share. Emerald Expositions Events’s revenue was down .1% compared to the same quarter last year. equities research analysts expect that Emerald Expositions Events, Inc. will post 1.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.24%.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Robert W. Baird increased their price objective on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday. 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 company currently has a consensus rating of “Buy” and an average target price of $24.40.

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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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Institutional Ownership by Quarter for Emerald Expositions Events (NYSE:EEX)

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