Emmis Communications (EMMS) Lowered to Sell at ValuEngine

Emmis Communications (NASDAQ:EMMS) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

Emmis Communications stock traded down $0.14 during mid-day trading on Wednesday, reaching $3.51. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 8,450. The company has a market cap of $45.72 million, a P/E ratio of 2.10 and a beta of 1.13. Emmis Communications has a 12 month low of $3.13 and a 12 month high of $5.84. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.49.

Emmis Communications (NASDAQ:EMMS) last released its earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $23.75 million during the quarter. Emmis Communications had a net margin of 20.46% and a return on equity of 23.10%.

In other Emmis Communications news, EVP J. Scott Enright sold 15,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $3.75, for a total value of $56,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 32.30% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Emmis Communications stock. Zazove Associates LLC raised its holdings in shares of Emmis Communications Co. (NASDAQ:EMMS) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,069,861 shares of the company’s stock after purchasing an additional 166,422 shares during the quarter. Zazove Associates LLC owned 8.22% of Emmis Communications worth $3,429,000 as of its most recent SEC filing. 34.67% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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