Cumulus Media Inc. (NASDAQ:CMLS) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in Cumulus Media Inc. (NASDAQ:CMLS) by 65.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 334,805 shares of the company’s stock after buying an additional 132,100 shares during the quarter. Renaissance Technologies LLC owned approximately 1.14% of Cumulus Media worth $107,000 at the end of the most recent quarter.

Cumulus Media Inc. (CMLS) opened at 0.35 on Friday. Cumulus Media Inc. has a 1-year low of $0.22 and a 1-year high of $2.40. The firm’s market cap is $10.26 million. The firm has a 50-day moving average of $0.41 and a 200 day moving average of $0.41.

Cumulus Media (NASDAQ:CMLS) last released its earnings results on Monday, August 14th. The company reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $290.53 million during the quarter, compared to the consensus estimate of $288.00 million. On average, analysts predict that Cumulus Media Inc. will post ($0.37) EPS for the current year.

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Several equities analysts recently commented on the company. Zacks Investment Research lowered Cumulus Media from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Noble Financial restated a “hold” rating on shares of Cumulus Media in a research note on Tuesday, August 15th.

About Cumulus Media

Cumulus Media Inc (Cumulus) is a radio broadcasting company. The Company is also a provider of country music and lifestyle content through its NASH brand, which serves through radio programming, NASH Country Weekly magazine and live events. Its product lines include broadcast advertising, digital advertising, political advertising and non-advertising based license fees.

Institutional Ownership by Quarter for Cumulus Media (NASDAQ:CMLS)

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