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

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

Cumulus Media Stock Performance

NASDAQ CMLS opened at $0.52 on Wednesday. Cumulus Media has a 1-year low of $0.50 and a 1-year high of $3.95. The company has a market capitalization of $8.85 million, a P/E ratio of -0.06 and a beta of 1.37. The business has a 50 day moving average price of $0.81 and a 200 day moving average price of $1.03. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.89 and a quick ratio of 1.89.

Hedge Funds Weigh In On Cumulus Media

Hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in Cumulus Media in the 3rd quarter valued at approximately $25,000. Garden State Investment Advisory Services LLC purchased a new position in Cumulus Media in the 3rd quarter valued at approximately $191,000. Finally, Zazove Associates LLC increased its stake in 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. 48.68% of the stock is owned by hedge funds and other institutional investors.

About Cumulus Media

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.