Noteworthy SEC Filing: Learn Why Smulyan Jeffrey H Just Purchased Emmis Communications Corp Stake?

Noteworthy SEC Filing: Learn Why Smulyan Jeffrey H Just Purchased Emmis Communications Corp Stake?

The New Smulyan Jeffrey H Holding in Emmis Communications Corp

Smulyan Jeffrey H filed with the SEC SC 13D/A form for Emmis Communications Corp. The form can be accessed here: 000114420416126146. As reported in Smulyan Jeffrey H’s form, the filler as of late owns 13.2% or 1,459,956 shares of the Consumer Discretionary–company.

Emmis Communications Corp stake is a new one for the and it was filed because of activity on September 29, 2016. We feel this shows Smulyan Jeffrey H’s positive view for the stock.

Emmis Communications Corp Institutional Sentiment

Latest Security and Exchange filings show 35 investors own Emmis Communications Corp. The institutional ownership in Q3 2015 is low, at 146.53% of the outstanding shares. This is increased by 4516124 the total institutional shares. 16176809 were the shares owned by these institutional investors. In total 4 funds opened new Emmis Communications Corp stakes, 9 increased stakes. There were 4 that closed positions and 8 reduced them.

Trust Investment Advisors is an institutional investor bullish on Emmis Communications Corp, owning 148300 shares as of Q3 2015 for 0.21% of its portfolio. Zazove Associates Llc owns 1371796 shares or 0.08% of its portfolio. NY Quinn Opportunity Partners Llc have 0.58% of their stock portfolio for 1012366 shares. Further, Nantahala Capital Management Llc reported stake worth 0.19% of its US stock portfolio. The NY Towerview Llc owns 934600 shares. Emmis Communications Corp is 0.60% of the manager’s US portfolio.

Business Profile

Emmis Communications Corporation is a media company, which is focused on radio broadcasting. The Company operates through three business segments: Radio, Publishing, and Corporate & Emerging Technologies. The Company owns approximately 20 frequency modulation (FM) and over four amplitude modulation (AM) radio stations in New York, Los Angeles, St. Louis, Austin, Indianapolis and Terre Haute, Indiana. The Company publishes various city and regional magazines. The Company’s publishing operations consist of Texas Monthly, Los Angeles, Atlanta, Indianapolis Monthly, Cincinnati and Orange Coast. It also operates Digonex Technologies, Inc., a pricing business. It also develops and licenses TagStation, a cloud-based software platform that allows a broadcaster to manage album art, meta data and enhanced advertising on its various broadcasts, and developed NextRadio, a smartphone application that marries over-the-air FM radio broadcasts with visual and interactive features on smartphones.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.59 in Q2 2016. Its down 0.26, from 0.85 in 2016Q1. The ratio dropped, as 8 funds sold all Emmis Communications Corporation shares owned while 9 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 11.93 million shares or 1.78% more from 11.72 million shares in 2016Q1.

California Public Employees Retirement Systems owns 130,401 shares or 0% of their US portfolio. Fincl Bank Of America Corp De owns 26,313 shares or 0% of their US portfolio. Guggenheim Ltd Liability has 17,800 shares for 0% of their US portfolio. Renaissance Techs Ltd Liability Com holds 592,800 shares or 0% of its portfolio. State Of New Jersey Common Pension Fund D has 1.50 million shares for 0% of their US portfolio. Dimensional Fund Advsrs Ltd Partnership holds 567,587 shares or 0% of its portfolio. The Illinois-based Zazove Assoc Ltd has invested 0.08% in Emmis Communications Corporation (NASDAQ:EMMS). Two Sigma Secs Limited Liability Corp holds 0% or 12,104 shares in its portfolio. Quinn Opportunity Prns Limited Liability Corp holds 0.2% or 709,193 shares in its portfolio. Vanguard Group Inc last reported 0% of its portfolio in the stock. Northern holds 44,231 shares or 0% of its portfolio. Timber Hill Lc accumulated 0% or 10,614 shares. Phocas Fincl accumulated 300,312 shares or 0.02% of the stock. The New Jersey-based New Jersey Better Educational Savings Trust has invested 0.12% in Emmis Communications Corporation (NASDAQ:EMMS). Towerview Ltd Liability Company accumulated 992,280 shares or 0.33% of the stock.

Analysts await Emmis Communications Corporation (NASDAQ:EMMS) to report earnings on October, 13.

About 71 shares traded hands. Emmis Communications Corporation (NASDAQ:EMMS) has risen 91.04% since February 29, 2016 and is uptrending. It has outperformed by 78.82% the S&P500.

Emmis Communications Corporation is a media company, which is focused on radio broadcasting. The company has a market cap of $49.20 million. The Firm operates through three business divisions: Radio, Publishing, and Corporate & Emerging Technologies. It has a 18.21 P/E ratio. The Firm owns approximately 20 frequency modulation and over four amplitude modulation (AM) radio stations in New York, Los Angeles, St.

More notable recent Emmis Communications Corporation (NASDAQ:EMMS) news were published by: Ibj.com which released: “Emmis chief makes another run at taking media firm private” on August 18, 2016, also Indystar.com with their article: “Emmis Communications lays off 32 companywide” published on January 07, 2016, Twst.com published: “Emmis Communications Corporation: Emmis Announces Second-Quarter Earnings Call” on September 29, 2016. More interesting news about Emmis Communications Corporation (NASDAQ:EMMS) were released by: Ibj.com and their article: “Smulyan extends deadline for Emmis buyout offer again” published on September 30, 2016 as well as Bizjournals.com‘s news article titled: “Two L.A. magazines could be put up for sale in proposed Emmis deal” with publication date: August 22, 2016.

According to Zacks Investment Research, “Emmis Communications Corporation is a diversified media company with radio broadcasting and magazine publishing operations and pending approval from the FCC, television broadcasting operations. Emmis is an owner and operator of radio stations in the nation’s largest markets. Its international division operates Slager Radio in Hungary. Emmis Publishing holdings include Indianapolis Monthly, Atlanta, Cincinnati and Texas Monthly magazines. Emmis also owns Revenue Development Systems, a broadcast sales consulting company. (Press Release)”

EMMS Company Profile

Emmis Communications Corporation, incorporated on July 17, 1986, is a media company, which is focused on radio broadcasting. The Firm operates through three business divisions: Radio, Publishing, and Corporate & Emerging Technologies. The Firm owns approximately 20 frequency modulation (FM) and over four amplitude modulation (AM) radio stations in New York, Los Angeles, St. Louis, Austin, Indianapolis and Terre Haute, Indiana. One of the FM radio stations that the Company owns in New York is operated pursuant to a local marketing agreement (LMA) whereby a third party provides the programming for the station and sells all advertising within that programming.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment