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

StockNews.com assumed 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 Performance

Cumulus Media stock opened at $0.44 on Friday. The stock has a market cap of $7.58 million, a price-to-earnings ratio of -0.05 and a beta of 1.37. Cumulus Media has a 1-year low of $0.41 and a 1-year high of $3.61. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a 50 day simple moving average of $0.71 and a 200-day simple moving average of $0.89.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Cumulus Media during the third quarter worth $25,000. Garden State Investment Advisory Services LLC acquired a new stake in Cumulus Media in the third quarter valued at approximately $191,000. Finally, Zazove Associates LLC raised its holdings in shares of 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 purchasing an additional 70,000 shares in the last quarter. Institutional investors and hedge funds own 48.68% of the company’s stock.

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.