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

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

Cumulus Media Trading Up 8.9 %

NASDAQ:CMLS opened at $0.89 on Wednesday. The company has a market cap of $15.16 million, a P/E ratio of -0.10 and a beta of 1.32. Cumulus Media has a 1 year low of $0.63 and a 1 year high of $5.30. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.89. The stock’s fifty day moving average price is $0.78 and its two-hundred day moving average price is $1.33.

Cumulus Media (NASDAQ:CMLS) last issued its earnings results on Friday, November 1st. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.54) by ($0.07). Cumulus Media had a negative return on equity of 30.27% and a negative net margin of 18.11%. The company had revenue of $203.60 million during the quarter, compared to the consensus estimate of $204.05 million. During the same quarter in the prior year, the business earned $0.16 EPS. As a group, analysts expect that Cumulus Media will post -2.71 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CMLS. Y Intercept Hong Kong Ltd purchased a new position in shares of Cumulus Media in the 3rd quarter worth about $25,000. Garden State Investment Advisory Services LLC bought a new position in Cumulus Media during the third quarter valued at approximately $191,000. Finally, Acadian Asset Management LLC raised its stake in shares of Cumulus Media by 3.9% during the second quarter. Acadian Asset Management LLC now owns 426,220 shares of the company’s stock worth $868,000 after acquiring an additional 15,920 shares in the last quarter. Institutional investors own 48.68% of the company’s stock.

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.