Sona Asset Management US LLC Makes New Investment in Emmis Acquisition Corp. $EMIS

Sona Asset Management US LLC acquired a new stake in Emmis Acquisition Corp. (NASDAQ:EMIS) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $1,005,000.

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Emmis Acquisition during the fourth quarter worth $178,000. Polar Asset Management Partners Inc. acquired a new stake in Emmis Acquisition during the 4th quarter valued at $249,000. ABC Arbitrage SA acquired a new stake in Emmis Acquisition during the 4th quarter valued at $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 Emmis Acquisition during the 4th quarter worth $597,000.

Emmis Acquisition Stock Up 0.1%

Shares of NASDAQ EMIS opened at $10.19 on Monday. Emmis Acquisition Corp. has a fifty-two week low of $9.90 and a fifty-two week high of $10.19. The company’s 50 day simple moving average is $10.15.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Emmis Acquisition in a report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Emmis Acquisition presently has a consensus rating of “Sell”.

Emmis Acquisition 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.