Emmis Acquisition (NASDAQ:EMIS) Trading 0.2% Higher – Here’s Why

Emmis Acquisition Corp. (NASDAQ:EMIS)’s share price traded up 0.2% during mid-day trading on Monday . The stock traded as high as $10.03 and last traded at $10.0480. 11,117 shares changed hands during mid-day trading, The stock had previously closed at $10.03.

Analyst Ratings Changes

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

Emmis Acquisition Stock Performance

Institutional Trading of Emmis Acquisition

A number of hedge funds have recently made changes to their positions in the stock. Lineage Point Capital LP acquired a new stake in shares of Emmis Acquisition during the fourth quarter worth approximately $2,243,000. Virtu Financial LLC acquired a new position in Emmis Acquisition in the 4th quarter valued at approximately $178,000. Toronto Dominion Bank acquired a new position in Emmis Acquisition in the 4th quarter valued at approximately $1,493,000. Rivernorth Capital Management LLC purchased a new stake in Emmis Acquisition in the 4th quarter worth approximately $3,476,000. Finally, Boothbay Fund Management LLC purchased a new stake in Emmis Acquisition in the 4th quarter worth approximately $418,000.

About Emmis Acquisition

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.