Emmis Communications Co. (NASDAQ:EMMS) COO Patrick M. Walsh sold 9,158 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $4.73, for a total value of $43,317.34. Following the transaction, the chief operating officer now directly owns 215,940 shares of the company’s stock, valued at approximately $1,021,396.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ:EMMS opened at $4.66 on Friday. Emmis Communications Co. has a one year low of $3.13 and a one year high of $6.75. The stock has a 50 day moving average price of $4.86 and a 200 day moving average price of $4.67. The stock has a market cap of $63.23 million, a PE ratio of 43.64 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.90 and a current ratio of 0.90.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC boosted its position in shares of Emmis Communications by 2.7% during 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. Renaissance Technologies LLC boosted its position in shares of Emmis Communications by 3.3% during 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. BlackRock Inc. boosted its position in shares of Emmis Communications by 0.8% during 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. Finally, Zazove Associates LLC boosted its position in shares of Emmis Communications by 0.6% during the second quarter. Zazove Associates LLC now owns 1,085,890 shares of the company’s stock worth $5,158,000 after buying an additional 6,500 shares during the period. Institutional investors and hedge funds own 27.91% of the company’s stock.

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

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.

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