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

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

Cumulus Media Price Performance

Shares of CMLS opened at $1.39 on Thursday. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $23.47 million, a PE ratio of -0.21 and a beta of 1.45. Cumulus Media has a twelve month low of $1.29 and a twelve month high of $5.51. The firm’s 50 day moving average price is $1.64 and its 200 day moving average price is $2.28.

Cumulus Media (NASDAQ:CMLS) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.19). Cumulus Media had a negative net margin of 16.46% and a negative return on equity of 22.15%. The business had revenue of $204.85 million during the quarter, compared to analyst estimates of $206.00 million. During the same period in the previous year, the firm posted ($0.06) EPS. As a group, research analysts expect that Cumulus Media will post -2.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Cumulus Media

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new position in Cumulus Media during the fourth quarter valued at approximately $57,000. Empowered Funds LLC acquired a new position in Cumulus Media in the 1st quarter valued at $54,000. Acadian Asset Management LLC raised its holdings in Cumulus Media by 9.6% in the 1st quarter. Acadian Asset Management LLC now owns 410,300 shares of the company’s stock worth $1,472,000 after acquiring an additional 36,024 shares during the period. Balanced Rock Investment Advisors LLC lifted its position in Cumulus Media by 24.5% during the 1st quarter. Balanced Rock Investment Advisors LLC now owns 80,351 shares of the company’s stock worth $288,000 after acquiring an additional 15,820 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Cumulus Media during the first quarter valued at about $303,000. 48.68% of the stock is currently 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.