GABELLI & Co INVESTMENT ADVISERS INC. Takes $1.56 Million Position in Emmis Acquisition Corp. $EMIS

GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Emmis Acquisition Corp. (NASDAQ:EMIS) in the 4th quarter, Holdings Channel.com reports. The firm bought 157,100 shares of the company’s stock, valued at approximately $1,563,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC purchased a new stake in shares of Emmis Acquisition in the 4th quarter valued at about $4,876,000. Gabelli Funds LLC purchased a new stake in shares of Emmis Acquisition in the 4th quarter valued at about $1,343,000. Finally, ABC Arbitrage SA purchased a new stake in shares of Emmis Acquisition in the 4th quarter valued at about $398,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Emmis Acquisition in a report on Tuesday, January 27th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Emmis Acquisition Price Performance

Emmis Acquisition stock opened at $10.10 on Monday. Emmis Acquisition Corp. has a fifty-two week low of $9.90 and a fifty-two week high of $10.12. The firm has a 50-day moving average price of $10.07.

Emmis Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.