Cumulus Media (NASDAQ:CMLS) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report issued on Friday. The brokerage set a “hold” rating on the stock.

Cumulus Media Trading Up 10.4 %

NASDAQ CMLS opened at $0.76 on Friday. Cumulus Media has a 12 month low of $0.68 and a 12 month high of $5.51. The company has a 50-day moving average of $1.10 and a 200-day moving average of $1.66. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market cap of $12.94 million, a P/E ratio of -0.08 and a beta of 1.45.

Cumulus Media (NASDAQ:CMLS) last posted its earnings results on Friday, November 1st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.07). The business had revenue of $203.60 million for the quarter, compared to analyst estimates of $204.05 million. Cumulus Media had a negative return on equity of 30.27% and a negative net margin of 18.11%. During the same period last year, the company posted $0.16 EPS. As a group, equities analysts predict that Cumulus Media will post -2.71 earnings per share for the current year.

Institutional Trading of Cumulus Media

Institutional investors and hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new stake in Cumulus Media during the 3rd quarter worth approximately $25,000. Jacobs Levy Equity Management Inc. acquired a new stake in Cumulus Media during the 1st quarter worth approximately $303,000. Balanced Rock Investment Advisors LLC increased its position in Cumulus Media by 12.7% during the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 90,579 shares of the company’s stock worth $185,000 after purchasing an additional 10,228 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in Cumulus Media during the 3rd quarter worth approximately $191,000. Finally, Acadian Asset Management LLC increased its position in Cumulus Media by 3.9% during the 2nd quarter. Acadian Asset Management LLC now owns 426,220 shares of the company’s stock worth $868,000 after purchasing an additional 15,920 shares in the last quarter. Institutional investors and hedge funds own 48.68% of the company’s stock.

Cumulus Media Company Profile

Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.