Emmis Communications (EMMS) Rating Lowered to D+ at TheStreet

Emmis Communications (NASDAQ:EMMS) was downgraded by stock analysts at TheStreet from a “c” rating to a “d+” rating in a research report issued on Monday.

Shares of EMMS opened at $4.51 on Monday. The stock has a market cap of $67.64 million, a PE ratio of 1.17 and a beta of 0.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.62 and a current ratio of 0.62. Emmis Communications has a 1-year low of $2.83 and a 1-year high of $5.84.

In related news, COO Patrick M. Walsh sold 25,000 shares of the business’s stock in a transaction dated Friday, October 12th. The shares were sold at an average price of $4.60, for a total transaction of $115,000.00. Following the sale, the chief operating officer now owns 255,759 shares of the company’s stock, valued at $1,176,491.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 32.30% of the company’s stock.

A hedge fund recently raised its stake in Emmis Communications stock. Renaissance Technologies LLC increased its holdings in shares of Emmis Communications Co. (NASDAQ:EMMS) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,175 shares of the company’s stock after acquiring an additional 21,400 shares during the period. Renaissance Technologies LLC owned approximately 1.79% of Emmis Communications worth $1,223,000 at the end of the most recent reporting period. 35.10% of the stock is owned by institutional investors and hedge funds.

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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