Emerald Expositions Events Inc (EEX) Shares Obtained by Vanguard Group Inc.

Emerald Expositions Events Inc (EEX) Shares Obtained by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Emerald Expositions Events Inc (NYSE:EEX) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,254,513 shares of the company’s stock after purchasing an additional 67,939 shares during the period. Vanguard Group Inc.’s holdings in Emerald Expositions Events were worth $37,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of Emerald Expositions Events by 10.2% during the third quarter. American Century Companies Inc. now owns 55,338 shares of the company’s stock valued at $912,000 after purchasing an additional 5,107 shares during the period. MetLife Investment Advisors LLC increased its holdings in shares of Emerald Expositions Events by 44.6% during the third quarter. MetLife Investment Advisors LLC now owns 17,250 shares of the company’s stock valued at $284,000 after purchasing an additional 5,321 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Emerald Expositions Events by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 270,756 shares of the company’s stock valued at $4,462,000 after purchasing an additional 6,764 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of Emerald Expositions Events by 3.5% during the third quarter. Loomis Sayles & Co. L P now owns 258,539 shares of the company’s stock valued at $4,261,000 after purchasing an additional 8,700 shares during the period. Finally, K.J. Harrison & Partners Inc increased its holdings in shares of Emerald Expositions Events by 10.9% during the third quarter. K.J. Harrison & Partners Inc now owns 129,220 shares of the company’s stock valued at $2,130,000 after purchasing an additional 12,720 shares during the period. 35.60% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on EEX shares. ValuEngine lowered Emerald Expositions Events from a “sell” rating to a “strong sell” rating in a report on Friday, January 4th. Barclays lowered Emerald Expositions Events from an “equal weight” rating to an “underweight” rating and set a $12.00 target price on the stock. in a report on Friday, January 18th. Citigroup lowered Emerald Expositions Events from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $18.50 to $11.00 in a report on Friday, November 2nd. Royal Bank of Canada started coverage on Emerald Expositions Events in a report on Monday, November 19th. They set a “sector perform” rating and a $13.00 target price on the stock. Finally, Goldman Sachs Group raised Emerald Expositions Events from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $20.30 to $15.00 in a report on Tuesday, November 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Emerald Expositions Events has a consensus rating of “Hold” and a consensus price target of $14.29.

In related news, insider William Charles sold 14,932 shares of Emerald Expositions Events 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 document filed with the SEC, which is available through this hyperlink. 5.30% of the stock is owned by insiders.

NYSE:EEX traded up $0.09 during mid-day trading on Tuesday, reaching $14.44. 3,084 shares of the stock were exchanged, compared to its average volume of 177,875. The firm has a market cap of $1.06 billion, a P/E ratio of 13.01, a PEG ratio of 1.30 and a beta of 0.46. Emerald Expositions Events Inc has a 1-year low of $10.76 and a 1-year 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Tuesday, February 19th will be issued a dividend of $0.0725 per share. This is a positive change from Emerald Expositions Events’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Friday, February 15th. Emerald Expositions Events’s payout ratio is presently 26.13%.

About Emerald Expositions Events

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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