Citadel Advisors LLC decreased its position in shares of Emerald Expositions Events Inc (NYSE:EEX) by 42.6% in the third quarter, Holdings Channel reports. The firm owned 462,196 shares of the company’s stock after selling 342,808 shares during the period. Citadel Advisors LLC’s holdings in Emerald Expositions Events were worth $7,617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P lifted its position in shares of Emerald Expositions Events by 3.5% in the third quarter. Loomis Sayles & Co. L P now owns 258,539 shares of the company’s stock worth $4,261,000 after buying an additional 8,700 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Emerald Expositions Events in the third quarter worth about $384,000. Dimensional Fund Advisors LP lifted its position in shares of Emerald Expositions Events by 94.1% in the third quarter. Dimensional Fund Advisors LP now owns 508,601 shares of the company’s stock worth $8,382,000 after buying an additional 246,507 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Emerald Expositions Events in the third quarter worth about $393,000. Finally, Credit Suisse AG lifted its position in shares of Emerald Expositions Events by 83.7% in the third quarter. Credit Suisse AG now owns 113,286 shares of the company’s stock worth $1,868,000 after buying an additional 51,609 shares during the last quarter. 35.60% of the stock is owned by hedge funds and other institutional investors.

In related news, insider William Charles sold 14,932 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $12.00, for a total transaction of $179,184.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.30% of the stock is currently owned by insiders.

NYSE EEX opened at $12.06 on Friday. Emerald Expositions Events Inc has a twelve month low of $10.76 and a twelve month high of $22.97. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.64. The stock has a market cap of $865.27 million, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.88 and a beta of 0.59.

Emerald Expositions Events (NYSE:EEX) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Emerald Expositions Events had a return on equity of 12.68% and a net margin of 29.62%. The business had revenue of $103.10 million during the quarter, compared to analysts’ expectations of $104.32 million. During the same quarter in the previous year, the firm earned $0.36 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that Emerald Expositions Events Inc will post 1.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th were given a dividend of $0.072 per share. The ex-dividend date of this dividend was Tuesday, November 13th. This represents a $0.29 annualized dividend and a dividend yield of 2.39%. Emerald Expositions Events’s dividend payout ratio is presently 26.13%.

EEX has been the subject of a number of analyst reports. Citigroup cut Emerald Expositions Events from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $18.50 to $11.00 in a research report on Friday, November 2nd. Deutsche Bank initiated coverage on Emerald Expositions Events in a research report on Monday, October 1st. They issued a “hold” rating and a $18.00 price target for the company. Goldman Sachs Group raised Emerald Expositions Events from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $20.30 to $15.00 in a research report on Tuesday, November 6th. Bank of America cut Emerald Expositions Events from a “buy” rating to a “neutral” rating in a research report on Thursday, November 1st. Finally, Royal Bank of Canada initiated coverage on Emerald Expositions Events in a research report on Monday, November 19th. They issued a “sector perform” rating and a $13.00 price target for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.50.

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Emerald Expositions Events Profile

Emerald Expositions Events, Inc operates business-to-business (B2B) trade shows in the United States. The company operates trade shows in various industry sectors, including gift, home and general merchandise; sports; design and construction; technology; jewelry; and others comprising photography, food, healthcare, industrials, and military.

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

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