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 report published on Monday. The firm issued a hold rating on the stock.

Cumulus Media Stock Performance

NASDAQ CMLS opened at $1.54 on Monday. The company has a market capitalization of $26.00 million, a price-to-earnings ratio of -0.23 and a beta of 1.45. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 3.55. Cumulus Media has a twelve month low of $1.29 and a twelve month high of $5.51. The stock has a fifty day simple moving average of $1.82 and a 200 day simple moving average of $2.56.

Cumulus Media (NASDAQ:CMLS) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.19). The business had revenue of $204.85 million for the quarter, compared to the consensus estimate of $206.00 million. Cumulus Media had a negative return on equity of 22.15% and a negative net margin of 16.46%. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Sell-side analysts expect that Cumulus Media will post -2.4 EPS for the current year.

Institutional Trading of Cumulus Media

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC bought a new position in shares of Cumulus Media during the 1st quarter valued at approximately $54,000. Quadrature Capital Ltd bought a new position in Cumulus Media during the fourth quarter worth about $57,000. First Eagle Investment Management LLC purchased a new position in shares of Cumulus Media in the fourth quarter worth about $117,000. Balanced Rock Investment Advisors LLC raised its position in shares of Cumulus Media by 12.7% in the second quarter. Balanced Rock Investment Advisors LLC now owns 90,579 shares of the company’s stock valued at $185,000 after purchasing an additional 10,228 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Cumulus Media during the 1st quarter valued at approximately $303,000. 48.68% of the stock is owned by hedge funds and other 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.