Cumulus Media (NASDAQ:CMLS) Coverage Initiated by Analysts at StockNews.com

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

Cumulus Media Trading Up 4.6 %

NASDAQ CMLS opened at $0.91 on Friday. Cumulus Media has a 12 month low of $0.63 and a 12 month high of $4.84. The stock has a 50-day simple moving average of $0.78 and a 200 day simple moving average of $1.19. 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 company has a market capitalization of $15.46 million, a PE ratio of -0.10 and a beta of 1.32.

Cumulus Media (NASDAQ:CMLS) last announced its quarterly earnings results on Friday, November 1st. The company reported ($0.61) EPS 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 company had revenue of $203.60 million during the quarter, compared to the consensus estimate of $204.05 million. During the same period last year, the company earned $0.16 earnings per share. Research analysts forecast that Cumulus Media will post -2.71 EPS for the current year.

Hedge Funds Weigh In On Cumulus Media

A hedge fund recently bought a new stake in Cumulus Media stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Cumulus Media Inc. (NASDAQ:CMLS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,272 shares of the company’s stock, valued at approximately $25,000. Y Intercept Hong Kong Ltd owned 0.11% of Cumulus Media at the end of the most recent quarter. 48.68% of the stock is currently owned by hedge funds and other institutional investors.

About Cumulus Media

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.