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

Research analysts at StockNews.com assumed coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Cumulus Media Stock Performance

NASDAQ CMLS opened at $0.90 on Tuesday. Cumulus Media has a 1-year low of $0.63 and a 1-year high of $3.95. 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 business has a 50 day simple moving average of $0.83 and a two-hundred day simple moving average of $1.07. The stock has a market capitalization of $15.34 million, a PE ratio of -0.10 and a beta of 1.34.

Institutional Investors Weigh In On Cumulus Media

Several institutional investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd bought a new stake in Cumulus Media in the third quarter worth about $25,000. Garden State Investment Advisory Services LLC acquired a new stake in shares of Cumulus Media in the 3rd quarter worth $191,000. Finally, Zazove Associates LLC grew its position in Cumulus Media by 4.8% during the 4th quarter. Zazove Associates LLC now owns 1,528,428 shares of the company’s stock worth $1,024,000 after purchasing an additional 70,000 shares during the last quarter. 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.