Zazove Associates Lowers stake in Emmis Communications Corporation (EMMS)

Emmis Communications Corporation (EMMS) : Zazove Associates reduced its stake in Emmis Communications Corporation by 4.06% during the most recent quarter end. The investment management company now holds a total of 590,539 shares of Emmis Communications Corporation which is valued at $2,356,251 after selling 25,000 shares in Emmis Communications Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Emmis Communications Corporation makes up approximately 1.09% of Zazove Associates’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies reduced its stake in EMMS by selling 6,700 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 148,200 shares of EMMS which is valued at $591,318.Blackrock Fund Advisors reduced its stake in EMMS by selling 10,141 shares or 37.41% in the most recent quarter. The Hedge Fund company now holds 16,964 shares of EMMS which is valued at $67,686. Trust Investment Advisors sold out all of its stake in EMMS during the most recent quarter. The investment firm sold 37,075 shares of EMMS which is valued $144,593.

Emmis Communications Corporation closed down -0.0362 points or -0.88% at $4.1 with 10,411 shares getting traded on Monday. Post opening the session at $4.09, the shares hit an intraday low of $4.09 and an intraday high of $4.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Emmis Communications Corporation is a diversified media company focused on radio broadcasting. The Company owns 18 frequency modulation (FM) and 3 amplitude modulation (AM) radio stations in New York Los Angeles St. Louis Austin Indianapolis and Terre Haute Indiana and operates two additional stations in New York (one FM and one AM) pursuant to a local marketing agreement (LMA) whereby the Company provides the programming for these stations and sells all advertising within that programming. In addition one of the FM radio stations that the Company owns in New York is operated pursuant to an LMA by a third party. The Company also publishes several city and regional magazines. Its publishing operations consist of Texas Monthly Los Angeles Atlanta Indianapolis Monthly Cincinnati and Orange Coast.

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