300,000 Shares in Emmis Acquisition Corp. $EMIS Bought by Context Capital Management LLC

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

Other institutional investors have also modified their holdings of the company. Deltec Asset Management LLC purchased a new stake in shares of Emmis Acquisition during the third quarter worth approximately $1,026,000. Sona Asset Management US LLC purchased a new position in Emmis Acquisition in the 1st quarter valued at $1,005,000. Finally, Berkley W R Corp grew its position in Emmis Acquisition by 4.2% in the 1st quarter. Berkley W R Corp now owns 309,478 shares of the company’s stock valued at $3,110,000 after buying an additional 12,430 shares during the last quarter.

Emmis Acquisition Trading Down 0.0%

Shares of Emmis Acquisition stock opened at $10.38 on Wednesday. Emmis Acquisition Corp. has a 52-week low of $9.92 and a 52-week high of $10.38. The company’s 50-day simple moving average is $10.28 and its 200-day simple moving average is $10.16.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Emmis Acquisition in a research note on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Emmis Acquisition

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.