Marshall Wace LLP lowered its position in Emerald Expositions Events Inc (NYSE:EEX) by 71.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,286 shares of the company’s stock after selling 260,844 shares during the period. Marshall Wace LLP owned approximately 0.14% of Emerald Expositions Events worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EEX. FMR LLC grew its holdings in Emerald Expositions Events by 51.8% in the fourth quarter. FMR LLC now owns 8,750,000 shares of the company’s stock worth $107,975,000 after purchasing an additional 2,987,172 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Emerald Expositions Events by 765.0% during the fourth quarter. American Century Companies Inc. now owns 478,698 shares of the company’s stock valued at $5,907,000 after buying an additional 423,360 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Emerald Expositions Events by 72.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 876,335 shares of the company’s stock valued at $10,814,000 after buying an additional 367,734 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of Emerald Expositions Events by 69.0% during the first quarter. WCM Investment Management LLC now owns 829,270 shares of the company’s stock valued at $10,532,000 after buying an additional 338,451 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in shares of Emerald Expositions Events by 16.8% during the first quarter. Ceredex Value Advisors LLC now owns 1,239,200 shares of the company’s stock valued at $15,738,000 after buying an additional 178,090 shares during the last quarter. 35.60% of the stock is owned by institutional investors and hedge funds.
In other Emerald Expositions Events news, insider Darrell C. Denny sold 58,455 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $12.91, for a total transaction of $754,654.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Karalynn Sprouse sold 35,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $13.35, for a total transaction of $467,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 103,307 shares of company stock valued at $1,344,463 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.
Emerald Expositions Events (NYSE:EEX) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.05). Emerald Expositions Events had a negative net margin of 9.76% and a positive return on equity of 11.55%. The business had revenue of $137.40 million for the quarter, compared to analysts’ expectations of $141.44 million. During the same period in the prior year, the company posted $0.66 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. On average, equities research analysts expect that Emerald Expositions Events Inc will post 1.04 EPS for the current year.
A number of equities research analysts have recently weighed in on the stock. TheStreet raised shares of WillScot from a “d-” rating to a “c-” rating in a report on Wednesday, May 8th. ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. Goldman Sachs Group reaffirmed a “buy” rating on shares of WPP in a report on Monday, June 3rd. Finally, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Emerald Expositions Events currently has an average rating of “Hold” and a consensus price target of $14.27.
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, such as photography, food, healthcare, industrials, and military.
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