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

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

Cumulus Media Price Performance

CMLS stock opened at $0.90 on Tuesday. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.89. Cumulus Media has a 1 year low of $0.63 and a 1 year high of $3.95. The firm has a 50-day moving average of $0.83 and a 200 day moving average of $1.07. The company has a market cap of $15.29 million, a P/E ratio of -0.10 and a beta of 1.34.

Institutional Trading of Cumulus Media

A number of hedge funds have recently made changes to their positions in CMLS. Garden State Investment Advisory Services LLC bought a new position in shares of Cumulus Media during the third quarter valued at $191,000. Zazove Associates LLC raised 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 worth $1,024,000 after buying an additional 70,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Cumulus Media during the 3rd quarter valued at about $25,000. 48.68% of the stock is 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.