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

StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS) in a research note published on Saturday. The brokerage issued a hold rating on the stock.

Cumulus Media Stock Down 7.6 %

Shares of CMLS opened at $0.84 on Friday. Cumulus Media has a 1 year low of $0.63 and a 1 year high of $4.71. The company’s 50-day simple moving average is $0.78 and its 200-day simple moving average is $1.19. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market capitalization of $14.29 million, a PE ratio of -0.09 and a beta of 1.34.

Cumulus Media (NASDAQ:CMLS) last posted its quarterly earnings data on Friday, November 1st. The company reported ($0.61) 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 company had revenue of $203.60 million for the quarter, compared to analyst estimates of $204.05 million. During the same period in the previous year, the business earned $0.16 EPS. Analysts forecast that Cumulus Media will post -2.71 earnings per share for the current fiscal 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 position in shares of Cumulus Media Inc. (NASDAQ:CMLS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,272 shares of the company’s stock, valued at approximately $25,000. Y Intercept Hong Kong Ltd owned 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.