Emerald Holding, Inc. (NYSE:EEX) Short Interest Update

Emerald Holding, Inc. (NYSE:EEX) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 303,821 shares, an increase of 24.5% from the February 26th total of 244,056 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 28,920 shares, the days-to-cover ratio is presently 10.5 days.

Institutional Trading of Emerald

Hedge funds have recently added to or reduced their stakes in the stock. MSD Partners L.P. increased its holdings in shares of Emerald by 31.3% in the fourth quarter. MSD Partners L.P. now owns 1,400,339 shares of the company’s stock valued at $6,260,000 after purchasing an additional 333,701 shares during the period. Contrarian Capital Management L.L.C. grew its position in Emerald by 12.1% in the 3rd quarter. Contrarian Capital Management L.L.C. now owns 879,000 shares of the company’s stock valued at $4,474,000 after buying an additional 95,138 shares during the last quarter. Citadel Advisors LLC increased its stake in Emerald by 197.6% in the 3rd quarter. Citadel Advisors LLC now owns 92,276 shares of the company’s stock valued at $470,000 after buying an additional 61,273 shares during the period. Jane Street Group LLC increased its stake in Emerald by 239.7% in the 4th quarter. Jane Street Group LLC now owns 82,034 shares of the company’s stock valued at $367,000 after buying an additional 57,886 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Emerald during the 1st quarter worth $116,000. 14.90% of the stock is owned by institutional investors and hedge funds.

Emerald Stock Performance

NYSE:EEX traded up $0.12 during trading hours on Monday, reaching $4.62. 24,436 shares of the company’s stock were exchanged, compared to its average volume of 38,326. Emerald has a 1-year low of $3.21 and a 1-year high of $5.45. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $914.93 million, a price-to-earnings ratio of -30.82 and a beta of 0.63. The company has a 50-day moving average of $4.59 and a 200 day moving average of $4.51.

Emerald (NYSE:EEX) last posted its quarterly earnings data on Friday, March 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.19). Emerald had a negative net margin of 6.62% and a negative return on equity of 8.24%. The business had revenue of $132.70 million during the quarter, compared to analyst estimates of $131.00 million.

Emerald Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 23rd will be given a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, March 23rd. Emerald’s payout ratio is -40.00%.

Analysts Set New Price Targets

EEX has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Emerald in a research note on Monday, December 29th. Rosenblatt Securities reissued a “buy” rating and issued a $7.70 price target on shares of Emerald in a research report on Monday, March 16th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.70.

Emerald Company Profile

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.