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

StockNews.com initiated coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report published on Friday. The firm issued a hold rating on the stock.

Cumulus Media Trading Up 1.9 %

Shares of Cumulus Media stock opened at $0.45 on Friday. Cumulus Media has a twelve month low of $0.41 and a twelve month high of $3.72. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.68. The business has a 50-day moving average price of $0.75 and a 200-day moving average price of $0.93. The firm has a market cap of $7.78 million, a price-to-earnings ratio of -0.05 and a beta of 1.37.

Institutional Investors Weigh In On Cumulus Media

Several large investors have recently bought and sold shares of CMLS. Y Intercept Hong Kong Ltd bought a new position in Cumulus Media during the third quarter valued at $25,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of Cumulus Media during the 3rd quarter valued at about $191,000. Finally, Zazove Associates LLC lifted 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 acquiring an additional 70,000 shares during the last quarter. Institutional investors 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.