Emmis Communications (NASDAQ:EMMS) Stock Crosses Above 200 Day Moving Average of $4.66

Emmis Communications Co. (NASDAQ:EMMS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.66 and traded as high as $4.80. Emmis Communications shares last traded at $4.70, with a volume of 12,400 shares changing hands.

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Separately, ValuEngine lowered shares of Emmis Communications from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 31st.

The firm’s fifty day simple moving average is $4.86 and its 200 day simple moving average is $4.66. The company has a market capitalization of $63.49 million, a price-to-earnings ratio of 43.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.90.

In other Emmis Communications news, CFO Ryan A. Hornaday sold 5,625 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $4.77, for a total value of $26,831.25. Following the completion of the transaction, the chief financial officer now directly owns 102,994 shares in the company, valued at $491,281.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey H. Smulyan sold 32,099 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $4.70, for a total transaction of $150,865.30. Following the completion of the transaction, the chief executive officer now owns 15,428 shares of the company’s stock, valued at $72,511.60. The disclosure for this sale can be found here. Company insiders own 32.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Zazove Associates LLC boosted its holdings in shares of Emmis Communications by 16.7% in the third quarter. Zazove Associates LLC now owns 1,267,629 shares of the company’s stock worth $6,281,000 after buying an additional 181,739 shares during the period. BlackRock Inc. boosted its holdings in shares of Emmis Communications by 0.8% in the second quarter. BlackRock Inc. now owns 358,870 shares of the company’s stock worth $1,705,000 after buying an additional 2,992 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Emmis Communications by 3.3% in the second quarter. Renaissance Technologies LLC now owns 227,781 shares of the company’s stock worth $1,082,000 after buying an additional 7,254 shares during the period. Finally, Quinn Opportunity Partners LLC boosted its holdings in shares of Emmis Communications by 2.7% in the second quarter. Quinn Opportunity Partners LLC now owns 151,404 shares of the company’s stock worth $719,000 after buying an additional 4,000 shares during the period. Institutional investors own 27.91% of the company’s stock.

Emmis Communications Company Profile (NASDAQ:EMMS)

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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