Assenagon Asset Management S.A. Purchases 5,785 Shares of Emerald Holding, Inc. (NYSE:EEX)

Assenagon Asset Management S.A. raised its position in shares of Emerald Holding, Inc. (NYSE:EEX) by 21.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,380 shares of the company’s stock after purchasing an additional 5,785 shares during the period. Assenagon Asset Management S.A. owned about 0.05% of Emerald worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in EEX. Cannell Capital LLC increased its position in Emerald by 508.6% during the 3rd quarter. Cannell Capital LLC now owns 912,207 shares of the company’s stock valued at $4,123,000 after buying an additional 762,310 shares in the last quarter. Acadian Asset Management LLC increased its position in Emerald by 362.0% during the 3rd quarter. Acadian Asset Management LLC now owns 84,837 shares of the company’s stock valued at $382,000 after buying an additional 66,475 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Emerald by 99.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 130,322 shares of the company’s stock valued at $589,000 after buying an additional 64,892 shares in the last quarter. Stokes Family Office LLC acquired a new position in Emerald during the 3rd quarter valued at about $78,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Emerald during the 3rd quarter valued at about $57,000. 14.90% of the stock is owned by institutional investors.

Emerald Price Performance

Emerald stock traded down $0.07 during trading hours on Thursday, hitting $5.86. 38,861 shares of the stock traded hands, compared to its average volume of 45,547. The firm’s 50 day moving average price is $6.14 and its 200-day moving average price is $5.92. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -7.96 and a beta of 1.39. Emerald Holding, Inc. has a 1 year low of $3.27 and a 1 year high of $7.05.

Emerald (NYSE:EEX) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.46) earnings per share for the quarter. The firm had revenue of $101.50 million for the quarter. Emerald had a negative net margin of 1.09% and a negative return on equity of 59.12%.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reduced their target price on Emerald from $8.40 to $8.20 and set a “buy” rating on the stock in a research report on Friday, March 1st.

Emerald Profile

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.