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

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

Cumulus Media Price Performance

Shares of NASDAQ:CMLS opened at $0.93 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68. The stock’s fifty day simple moving average is $0.82 and its two-hundred day simple moving average is $1.09. Cumulus Media has a 1-year low of $0.63 and a 1-year high of $4.71. The stock has a market cap of $15.80 million, a PE ratio of -0.10 and a beta of 1.34.

Hedge Funds Weigh In On Cumulus Media

Several hedge funds have recently modified their holdings of the company. Zazove Associates LLC lifted its position 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 worth $1,024,000 after buying an additional 70,000 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Cumulus Media during the third quarter worth $25,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in Cumulus Media during the third quarter worth $191,000. Institutional investors own 48.68% of the company’s stock.

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.