Emmis Acquisition (NASDAQ:EMIS) Shares Up 0.3% – Here’s What Happened

Shares of Emmis Acquisition Corp. (NASDAQ:EMIS) traded up 0.3% on Friday . The stock traded as high as $10.05 and last traded at $10.05. 1,035 shares traded hands during trading, The stock had previously closed at $10.02.

Analyst Upgrades and Downgrades

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

Emmis Acquisition Stock Performance

Institutional Trading of Emmis Acquisition

A number of hedge funds have recently bought and sold shares of EMIS. Virtu Financial LLC acquired a new position in shares of Emmis Acquisition in the fourth quarter worth about $178,000. Polar Asset Management Partners Inc. acquired a new position in Emmis Acquisition in the 4th quarter worth approximately $249,000. ABC Arbitrage SA purchased a new position in Emmis Acquisition during the 4th quarter worth approximately $398,000. Boothbay Fund Management LLC acquired a new stake in Emmis Acquisition during the 4th quarter valued at $418,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Emmis Acquisition in the fourth quarter valued at $597,000.

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.