Emmis Acquisition Corp. $EMIS Shares Newly Purchased by Context Capital Management LLC

Context Capital Management LLC purchased a new position in shares of Emmis Acquisition Corp. (NASDAQ:EMIS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 300,000 shares of the company’s stock, valued at approximately $3,081,000.

Several other institutional investors and hedge funds have also made changes to their positions in EMIS. Sona Asset Management US LLC acquired a new stake in shares of Emmis Acquisition during the 1st quarter worth about $1,005,000. Deltec Asset Management LLC acquired a new position in Emmis Acquisition in the third quarter valued at approximately $1,026,000. Finally, Berkley W R Corp boosted its holdings in Emmis Acquisition by 4.2% in the first quarter. Berkley W R Corp now owns 309,478 shares of the company’s stock valued at $3,110,000 after purchasing an additional 12,430 shares in the last quarter.

Emmis Acquisition Trading Down 0.0%

EMIS stock opened at $10.38 on Wednesday. The company has a fifty day moving average price of $10.28 and a 200 day moving average price of $10.16. Emmis Acquisition Corp. has a 12 month low of $9.92 and a 12 month high of $10.38.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Emmis Acquisition in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

Emmis Acquisition Company Profile

Emmis Acquisition Corp. was formed in 2021 as a special purpose acquisition company (SPAC). It was established to pursue a merger, acquisition, or similar business combination rather than to operate a standalone business. The company focused on identifying a business combination in the media and entertainment sectors. It did not have its own portfolio of products or services while seeking a transaction. Emmis Acquisition was associated with media executive Jeffrey Smulyan, who previously led Emmis Communications.