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

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

Cumulus Media Stock Up 0.2 %

Shares of NASDAQ:CMLS opened at $0.93 on Monday. The business’s 50 day simple moving average is $0.82 and its two-hundred day simple moving average is $1.09. The firm has a market cap of $15.80 million, a P/E ratio of -0.10 and a beta of 1.34. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.89 and a current ratio of 1.89. Cumulus Media has a 52-week low of $0.63 and a 52-week high of $4.71.

Hedge Funds Weigh In On Cumulus Media

Large investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in shares of Cumulus Media in the third quarter valued at $25,000. Garden State Investment Advisory Services LLC bought a new position in Cumulus Media in the 3rd quarter valued at about $191,000. Finally, Zazove Associates LLC lifted its position in 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 acquiring an additional 70,000 shares in the last quarter. 48.68% of the stock is currently owned by institutional investors.

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.