135,000 Shares in Emmis Acquisition Corp. $EMIS Acquired by Gabelli Funds LLC

Gabelli Funds LLC acquired a new stake in Emmis Acquisition Corp. (NASDAQ:EMIS) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 135,000 shares of the company’s stock, valued at approximately $1,343,000.

Separately, Wolverine Asset Management LLC bought a new position in Emmis Acquisition in the 4th quarter valued at approximately $4,876,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Emmis Acquisition in a research note 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, the company currently has a consensus rating of “Sell”.

Emmis Acquisition Price Performance

Shares of NASDAQ:EMIS opened at $10.10 on Friday. The company has a 50 day moving average of $10.08. Emmis Acquisition Corp. has a one year low of $9.90 and a one year high of $10.12.

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.