Cumulus Media (NASDAQ:CMLS) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Cumulus Media (NASDAQ:CMLS) in a research report released on Wednesday morning. The firm issued a hold rating on the stock.

Cumulus Media Trading Down 14.0 %

Shares of CMLS stock opened at $0.77 on Wednesday. The company has a market capitalization of $13.05 million, a price-to-earnings ratio of -0.08 and a beta of 1.32. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68. The firm has a 50-day moving average price of $0.77 and a 200 day moving average price of $1.32. Cumulus Media has a twelve month low of $0.63 and a twelve month high of $5.28.

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

Institutional Investors Weigh In On Cumulus Media

Hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new stake in Cumulus Media in the 3rd quarter worth about $25,000. Garden State Investment Advisory Services LLC purchased a new position in shares of Cumulus Media during the 3rd quarter worth about $191,000. Finally, Acadian Asset Management LLC boosted its position in shares of Cumulus Media by 3.9% in the second quarter. Acadian Asset Management LLC now owns 426,220 shares of the company’s stock worth $868,000 after acquiring an additional 15,920 shares during 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.