Insider Selling: Emerald Expositions (EEX) Major Shareholder Sells $13,320,000.00 in Stock

Emerald Expositions (NYSE:EEX) major shareholder Corp Onex sold 750,000 shares of the stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $17.76, for a total transaction of $13,320,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Corp Onex also recently made the following trade(s):

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  • On Tuesday, March 13th, Corp Onex sold 6,000,000 shares of Emerald Expositions stock. The shares were sold at an average price of $17.76, for a total transaction of $106,560,000.00.

Shares of Emerald Expositions stock opened at $19.67 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.72. Emerald Expositions has a fifty-two week low of $18.19 and a fifty-two week high of $24.56. The firm has a market capitalization of $1,447.58 and a price-to-earnings ratio of 17.72.

Emerald Expositions (NYSE:EEX) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Emerald Expositions had a net margin of 24.01% and a return on equity of 10.10%. The firm had revenue of $31.50 million during the quarter, compared to the consensus estimate of $31.57 million. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts expect that Emerald Expositions will post 1.25 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Emerald Expositions by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 55,295 shares of the company’s stock valued at $1,286,000 after buying an additional 2,803 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Emerald Expositions by 13.0% in the 4th quarter. California State Teachers Retirement System now owns 28,583 shares of the company’s stock valued at $581,000 after buying an additional 3,288 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Emerald Expositions by 8.0% in the 4th quarter. Gabelli Funds LLC now owns 54,000 shares of the company’s stock valued at $1,098,000 after buying an additional 4,000 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Emerald Expositions by 12.7% in the 4th quarter. Deutsche Bank AG now owns 40,674 shares of the company’s stock valued at $826,000 after buying an additional 4,575 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Emerald Expositions by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 178,907 shares of the company’s stock valued at $3,638,000 after buying an additional 5,757 shares in the last quarter. Institutional investors own 30.03% of the company’s stock.

A number of brokerages have weighed in on EEX. ValuEngine raised shares of Emerald Expositions from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research raised shares of Emerald Expositions from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, January 19th. Finally, Goldman Sachs raised shares of Emerald Expositions from a “sell” rating to a “neutral” rating in a report on Wednesday, March 14th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Emerald Expositions has a consensus rating of “Buy” and an average price target of $24.36.

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About Emerald Expositions

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.

Insider Buying and Selling by Quarter for Emerald Expositions (NYSE:EEX)

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