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

Equities research analysts at StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report released on Saturday. The firm set a “hold” rating on the stock.

Cumulus Media Trading Up 7.2 %

Shares of CMLS stock opened at $0.78 on Friday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market capitalization of $13.25 million, a price-to-earnings ratio of -0.09 and a beta of 1.31. Cumulus Media has a 52-week low of $0.68 and a 52-week high of $5.51. The company has a 50-day simple moving average of $1.01 and a two-hundred day simple moving average of $1.55.

Cumulus Media (NASDAQ:CMLS) last released its earnings results on Friday, November 1st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.07). The business had revenue of $203.60 million during the quarter, compared to the consensus estimate of $204.05 million. Cumulus Media had a negative net margin of 18.11% and a negative return on equity of 30.27%. During the same period in the prior year, the company earned $0.16 earnings per share. Research analysts anticipate that Cumulus Media will post -2.71 EPS for the current fiscal year.

Institutional Trading of Cumulus Media

A number of large investors have recently added to or reduced their stakes in CMLS. Y Intercept Hong Kong Ltd purchased a new position in Cumulus Media in the third quarter valued at about $25,000. Balanced Rock Investment Advisors LLC raised its holdings in shares of Cumulus Media by 12.7% in 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 during the period. Garden State Investment Advisory Services LLC purchased a new position in Cumulus Media in the third quarter valued at approximately $191,000. Finally, Acadian Asset Management LLC grew its holdings in Cumulus Media by 3.9% during the second quarter. Acadian Asset Management LLC now owns 426,220 shares of the company’s stock valued at $868,000 after purchasing an additional 15,920 shares during the period. Hedge funds and other institutional investors 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.