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

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

Cumulus Media Trading Up 4.6 %

Shares of CMLS opened at $0.87 on Thursday. The firm has a fifty day simple moving average of $0.76 and a two-hundred day simple moving average of $1.28. Cumulus Media has a twelve month low of $0.63 and a twelve month high of $5.18. The stock has a market capitalization of $14.78 million, a P/E ratio of -0.10 and a beta of 1.32. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.68.

Cumulus Media (NASDAQ:CMLS) last announced its quarterly 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). Cumulus Media had a negative net margin of 18.11% and a negative return on equity of 30.27%. The business had revenue of $203.60 million for the quarter, compared to analysts’ expectations of $204.05 million. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, research analysts anticipate that Cumulus Media will post -2.71 EPS for the current year.

Institutional Trading of Cumulus Media

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

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.