Cumulus Media (NASDAQ:CMLS) Now Covered by Analysts at StockNews.com

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

Cumulus Media Stock Up 1.9 %

CMLS stock opened at $0.42 on Thursday. Cumulus Media has a one year low of $0.41 and a one year high of $3.78. The company has a 50 day moving average price of $0.79 and a two-hundred day moving average price of $0.99. The stock has a market capitalization of $7.24 million, a P/E ratio of -0.05 and a beta of 1.37. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.89 and a current ratio of 1.89.

Institutional Trading of Cumulus Media

Several institutional investors have recently made changes to their positions in CMLS. Garden State Investment Advisory Services LLC purchased a new stake in shares of Cumulus Media during the 3rd quarter valued at $191,000. Zazove Associates LLC grew its stake in shares of Cumulus Media by 4.8% during the 4th quarter. Zazove Associates LLC now owns 1,528,428 shares of the company’s stock valued at $1,024,000 after buying an additional 70,000 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Cumulus Media during the 3rd quarter valued at $25,000. 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.