David Loechner Sells 74,777 Shares of Emerald Expositions Events, Inc. (EEX) Stock

Emerald Expositions Events, Inc. (NYSE:EEX) CEO David Loechner sold 74,777 shares of Emerald Expositions Events stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $20.81, for a total transaction of $1,556,109.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

David Loechner also recently made the following trade(s):

  • On Wednesday, December 6th, David Loechner sold 40,071 shares of Emerald Expositions Events stock. The shares were sold at an average price of $21.37, for a total transaction of $856,317.27.
  • On Monday, December 4th, David Loechner sold 53,139 shares of Emerald Expositions Events stock. The shares were sold at an average price of $22.34, for a total transaction of $1,187,125.26.

Emerald Expositions Events, Inc. (NYSE EEX) opened at $20.64 on Wednesday. Emerald Expositions Events, Inc. has a 52 week low of $18.67 and a 52 week high of $24.56. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.76.

Emerald Expositions Events (NYSE:EEX) last released its earnings results on Thursday, November 2nd. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Emerald Expositions Events had a net margin of 5.19% and a return on equity of 7.09%. The business had revenue of $100.40 million during the quarter, compared to analysts’ expectations of $107.24 million. During the same period last year, the business earned $0.43 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. sell-side analysts forecast that Emerald Expositions Events, Inc. will post 1.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were paid a $0.07 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.36%.

Several large investors have recently added to or reduced their stakes in EEX. Schwab Charles Investment Management Inc. boosted its position in Emerald Expositions Events by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 55,295 shares of the company’s stock worth $1,286,000 after purchasing an additional 2,803 shares during the period. Nationwide Fund Advisors bought a new position in Emerald Expositions Events during the second quarter worth $200,000. Stifel Financial Corp bought a new position in Emerald Expositions Events during the third quarter worth $216,000. Atlantic Trust Group LLC bought a new position in Emerald Expositions Events during the second quarter worth $274,000. Finally, Parametric Portfolio Associates LLC bought a new position in Emerald Expositions Events during the second quarter worth $340,000. 26.61% of the stock is owned by institutional investors and hedge funds.

EEX has been the subject of several analyst reports. Zacks Investment Research raised shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Robert W. Baird raised their target price on shares of Emerald Expositions Events from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.40.

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Emerald Expositions Events Company Profile

Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.

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

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