Emmis, Saga Swim Above Media’s Red Tide

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These are exciting times for radio broadcasting companies. With Entercom head David Field emerging as the industry’s biggest cheerleader and advocate and marketers rediscovering the power of AM and FM radio — thanks, in part, to the potential recapturing of the home through smart speakers, 2018 looks to be a pivotal year for growth.


Unfortunately, the two biggest radio companies by number of stations continue to struggle with severe debt issues, and that’s unfairly clouded the entire industry. Most radio companies were down in Thursday’s trading. Four radio companies were up following Thursday’s Closing Bell — and that shows savvy among some investors.

Emmis Communications was one gainer on Thursday, rising by 2 cents as of 12:45pm Eastern, to $3.65.

That’s a new high year-to-date for Emmis shares, as the company’s current market cap is $46.27 million.

As of 2:12pm Eastern, Saga Communications was up 5 cents, to $45.55.

But, as of 3:51pm Eastern, the company fell into the red, losing 35 cents, to $45.15.

At the Closing Bell, Saga found itself with a gain of 15 cents, to $45.65.

It’s good news for the radio industry pure-play, and bring Saga shares back to where they were until the end of May. With a market cap of $269.66 million, Saga has been one of the most solid companies for Wall Street investors.

Meanwhile, Salem Media Group saw a much-needed boost in its stock price, rising 5 cents to $4.80.

Also up: Entravision, which gained 3 cents, to $7.03.

Key decliners include Entercom, off 53 cents to $11.57.

ETFs with exposure to Emmis

Here are 5 Exchange-Traded Funds with the largest exposure to Emmis, courtesy of Capital Cube.

“Comparing the performance and risk of Emmis with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility,” Capital Cube said.

Ticker Fund
Name
EMMS-US
Exposure (%)
1 Year Price Performance (%) 1 Year Volatility (%) Net Expense Ratio (%) Number of Holdings
WMCR-US Wilshire Micro-Cap ETF 0.06 19.58 14.54 0.59 804
IWC-US iShares Micro-Cap ETF 0.01 14.03 13.06 0.6 1395
VUS-CN Vanguard US Total Market Index ETF CAD Hedged 0 17.66 7.62 0.15 3526
VUN-CN Vanguard US Total Market Index ETF 0 12.13 9.89 0.15 3526
VXF-US Vanguard Extended Market ETF 0 15.95 10.24 0.08 3137
EMMS-US Emmis 100 7.51 0.39 0 1

 

For a look at today’s market activity on Wall Street, please visit the RBR+TVBR Wall Street Report on the homepage of RBR.com.


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