TheStreet Downgrades Emmis Communications (EMMS) to D+

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

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

In other news, COO Patrick M. Walsh sold 25,000 shares of the company’s stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $4.60, for a total value of $115,000.00. Following the transaction, the chief operating officer now owns 255,759 shares in the company, valued at approximately $1,176,491.40. The sale was disclosed in a 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. Dimensional Fund Advisors LP lifted its position in Emmis Communications Co. (NASDAQ:EMMS) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 164,534 shares of the company’s stock after buying an additional 13,628 shares during the quarter. Dimensional Fund Advisors LP owned about 1.29% of Emmis Communications worth $759,000 as of its most recent filing with the SEC. Institutional investors own 35.10% of the company’s stock.

Emmis Communications Company Profile

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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