Emmis Communications (NASDAQ:EMMS) was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating in a report released on Thursday.
EMMS traded down $0.13 during trading on Thursday, reaching $3.74. 29,310 shares of the stock traded hands, compared to its average volume of 9,050. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $46.88 million, a P/E ratio of 1.35 and a beta of 0.88. Emmis Communications has a 12 month low of $2.83 and a 12 month high of $5.84.
Emmis Communications (NASDAQ:EMMS) last issued its quarterly earnings results on Thursday, January 10th. The company reported $0.05 EPS for the quarter. The business had revenue of $30.32 million for the quarter. Emmis Communications had a net margin of 28.32% and a return on equity of 41.04%.
In other news, CEO Jeffrey H. Smulyan sold 45,045 shares of the stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $4.32, for a total transaction of $194,594.40. Following the transaction, the chief executive officer now owns 159,836 shares of the company’s stock, valued at approximately $690,491.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.30% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in Emmis Communications stock. Renaissance Technologies LLC lifted its stake in shares of Emmis Communications Co. (NASDAQ:EMMS) by 10.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,175 shares of the company’s stock after purchasing an additional 21,400 shares during the quarter. Renaissance Technologies LLC owned about 1.79% of Emmis Communications worth $1,223,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 35.25% of the company’s stock.
About Emmis Communications
Emmis Communications Corporation, a diversified media company, engages in radio broadcasting activities in the United States. The company operates in three segments: Radio, Publishing, and Corporate & Emerging Technologies. It operates 11 FM and 3 AM radio stations in New York, Los Angeles, Indianapolis, and Austin, as well as publishes Indianapolis monthly magazine.
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