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

Stock analysts at StockNews.com assumed coverage on shares of Cumulus Media (NASDAQ:CMLS) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

Cumulus Media Price Performance

NASDAQ CMLS opened at $0.28 on Monday. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.89. Cumulus Media has a 1 year low of $0.25 and a 1 year high of $3.34. The stock’s fifty day moving average price is $0.57 and its 200 day moving average price is $0.80. The company has a market cap of $4.88 million, a price-to-earnings ratio of -0.03 and a beta of 1.17.

Institutional Trading of Cumulus Media

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zazove Associates LLC lifted its stake in shares of Cumulus Media by 4.8% in the 4th quarter. Zazove Associates LLC now owns 1,528,428 shares of the company’s stock valued at $1,024,000 after purchasing an additional 70,000 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Cumulus Media in the third quarter valued at $25,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in shares of Cumulus Media in the third quarter worth about $191,000. 48.68% of the stock is owned by institutional investors and hedge funds.

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.