Cumulus Media (NASDAQ:CMLS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS) in a research note released on Monday morning. The brokerage issued a hold rating on the stock.

Cumulus Media Stock Performance

Shares of NASDAQ CMLS opened at $1.17 on Monday. Cumulus Media has a 12-month low of $1.13 and a 12-month high of $5.51. The firm has a market capitalization of $19.82 million, a price-to-earnings ratio of -0.17 and a beta of 1.44. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 3.55. The firm has a 50 day moving average of $1.42 and a 200 day moving average of $1.94.

Cumulus Media (NASDAQ:CMLS) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.19). The company had revenue of $204.85 million during the quarter, compared to analysts’ expectations of $206.00 million. Cumulus Media had a negative return on equity of 22.15% and a negative net margin of 16.46%. During the same quarter last year, the company earned ($0.06) earnings per share. On average, research analysts anticipate that Cumulus Media will post -2.4 earnings per share for the current year.

Hedge Funds Weigh In On Cumulus Media

Several large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of Cumulus Media by 3.9% in the second quarter. Acadian Asset Management LLC now owns 426,220 shares of the company’s stock valued at $868,000 after acquiring an additional 15,920 shares in the last quarter. Balanced Rock Investment Advisors LLC grew its holdings in Cumulus Media by 12.7% during the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 90,579 shares of the company’s stock valued at $185,000 after buying an additional 10,228 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Cumulus Media in the first quarter worth $303,000. Finally, Empowered Funds LLC bought a new position in shares of Cumulus Media during the first quarter worth $54,000. Hedge funds and other 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.