Cumulus Media (NASDAQ:CMLS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS) in a research note issued to investors on Friday. The firm issued a hold rating on the stock.

Cumulus Media Stock Up 1.9 %

Shares of Cumulus Media stock opened at $0.45 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.68. The company has a market cap of $7.78 million, a P/E ratio of -0.05 and a beta of 1.37. The firm’s 50 day moving average price is $0.75 and its 200-day moving average price is $0.94. Cumulus Media has a 52-week low of $0.41 and a 52-week high of $3.72.

Institutional Trading of Cumulus Media

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMLS. Y Intercept Hong Kong Ltd purchased a new position in shares of Cumulus Media in the third quarter worth about $25,000. Zazove Associates LLC increased its holdings in Cumulus Media by 4.8% in the 4th quarter. Zazove Associates LLC now owns 1,528,428 shares of the company’s stock worth $1,024,000 after buying an additional 70,000 shares during the period. Finally, Garden State Investment Advisory Services LLC acquired a new position in Cumulus Media in the 3rd quarter worth approximately $191,000. 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.