Deltec Asset Management LLC Buys 100,000 Shares of Emmis Acquisition Corp. $EMIS

Deltec Asset Management LLC bought a new position in Emmis Acquisition Corp. (NASDAQ:EMIS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $1,026,000.

Separately, Berkley W R Corp increased its position in shares of Emmis Acquisition by 4.2% during the 1st quarter. Berkley W R Corp now owns 309,478 shares of the company’s stock worth $3,110,000 after purchasing an additional 12,430 shares in the last quarter.

Emmis Acquisition Trading Up 0.5%

NASDAQ:EMIS opened at $10.33 on Tuesday. Emmis Acquisition Corp. has a 1 year low of $9.91 and a 1 year high of $10.30. The firm has a 50 day moving average of $10.26 and a 200-day moving average of $10.15.

Emmis Acquisition (NASDAQ:EMIS) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.05 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Emmis Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Emmis Acquisition Profile

Emmis Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and acquire, through a merger or similar transaction, an operating business. Unlike a traditional operating company, it was established to raise capital and pursue a business combination rather than to sell products or services directly.

The company was affiliated with Emmis Communications, a media company founded by Jeffrey Smulyan. Its stated focus was on finding a suitable target, with an emphasis on businesses in the media, entertainment, communications, technology, or related sectors.