Emmis Communications (NASDAQ:EMMS) Upgraded to “Hold” by ValuEngine

Emmis Communications (NASDAQ:EMMS) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday, June 18th, ValuEngine reports.

Separately, TheStreet cut Zumiez from a “b” rating to a “c+” rating in a report on Thursday, June 6th.

NASDAQ EMMS traded down $0.15 on Tuesday, hitting $5.88. 83 shares of the company’s stock were exchanged, compared to its average volume of 20,099. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $4.44. Emmis Communications has a fifty-two week low of $3.13 and a fifty-two week high of $6.75. The stock has a market cap of $78.98 million, a price-to-earnings ratio of 3.45 and a beta of 1.27.

Emmis Communications (NASDAQ:EMMS) last released its earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $23.75 million for the quarter. Emmis Communications had a return on equity of 23.10% and a net margin of 20.46%.

In related news, insider Gregory T. Loewen sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $6.50, for a total value of $48,750.00. Following the sale, the insider now owns 122,146 shares in the company, valued at approximately $793,949. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.30% of the company’s stock.

A hedge fund recently raised its stake in Emmis Communications stock. Zazove Associates LLC boosted its stake in Emmis Communications Co. (NASDAQ:EMMS) by 18.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,069,861 shares of the company’s stock after buying an additional 166,422 shares during the quarter. Zazove Associates LLC owned approximately 8.22% of Emmis Communications worth $3,429,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 36.48% of the company’s stock.

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.

Read More: Return on Investment (ROI)

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