Emmis Communications Corporation (EMMS) COO Patrick M. Walsh Sells 40,000 Shares
Emmis Communications Corporation (NASDAQ:EMMS) COO Patrick M. Walsh sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $3.45, for a total value of $138,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Emmis Communications Corporation (NASDAQ EMMS) opened at 3.46 on Tuesday. Emmis Communications Corporation has a 52-week low of $2.14 and a 52-week high of $3.99. The stock has a market cap of $43.98 million, a P/E ratio of 0.54 and a beta of 0.69. The stock has a 50 day moving average price of $3.07 and a 200 day moving average price of $2.91.
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Separately, TheStreet downgraded Emmis Communications Corporation from a “c-” rating to a “d+” rating in a research report on Tuesday, June 20th.
An institutional investor recently raised its position in Emmis Communications Corporation stock. Kennedy Capital Management Inc. increased its position in Emmis Communications Corporation (NASDAQ:EMMS) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,149 shares of the company’s stock after acquiring an additional 1,388 shares during the period. Kennedy Capital Management Inc. owned approximately 1.14% of Emmis Communications Corporation worth $408,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 36.55% of the company’s stock.
Emmis Communications Corporation Company Profile
Emmis Communications Corporation is a media company, which focuses on radio broadcasting. The Company operates through three business segments: Radio, Publishing, and Corporate & Emerging Technologies. As of February 29, 2016, the Company owned 19 frequency modulation (FM) and four amplitude modulation (AM) radio stations in New York, Los Angeles, St.
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