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

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

Cumulus Media Stock Down 0.3 %

Shares of Cumulus Media stock opened at $0.88 on Friday. Cumulus Media has a twelve month low of $0.63 and a twelve month high of $5.12. The stock has a market cap of $14.90 million, a price-to-earnings ratio of -0.10 and a beta of 1.32. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68. The company has a fifty day moving average price of $0.77 and a 200 day moving average price of $1.23.

Cumulus Media (NASDAQ:CMLS) last issued 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 return on equity of 30.27% and a negative net margin of 18.11%. The company had revenue of $203.60 million for the quarter, compared to analyst estimates of $204.05 million. During the same quarter in the prior year, the firm earned $0.16 EPS. Equities research analysts forecast that Cumulus Media will post -2.71 earnings per share for the current fiscal year.

Institutional Trading of Cumulus Media

A hedge fund recently bought a new stake in Cumulus Media stock. Y Intercept Hong Kong Ltd purchased a new stake in shares of Cumulus Media Inc. (NASDAQ:CMLS) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 19,272 shares of the company’s stock, valued at approximately $25,000. Y Intercept Hong Kong Ltd owned approximately 0.11% of Cumulus Media at the end of the most recent quarter. 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.