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

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

Cumulus Media Price Performance

CMLS opened at $0.45 on Friday. The business has a fifty day moving average of $0.75 and a 200 day moving average of $0.93. The stock has a market cap of $7.78 million, a P/E ratio of -0.05 and a beta of 1.37. 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 has a 52-week low of $0.41 and a 52-week high of $3.72.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CMLS. Zazove Associates LLC lifted its holdings in Cumulus Media by 4.8% during the 4th quarter. Zazove Associates LLC now owns 1,528,428 shares of the company’s stock valued at $1,024,000 after buying an additional 70,000 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new position in shares of Cumulus Media during the third quarter worth approximately $191,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Cumulus Media during the third quarter valued at approximately $25,000. 48.68% of the stock is currently owned by institutional investors.

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.