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

StockNews.com began coverage on shares of Cumulus Media (NASDAQ:CMLS) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Cumulus Media Price Performance

CMLS stock opened at $0.84 on Thursday. The firm has a 50 day moving average of $0.76 and a 200-day moving average of $1.28. Cumulus Media has a 12-month low of $0.63 and a 12-month high of $5.18. 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 company has a market cap of $14.27 million, a price-to-earnings ratio of -0.09 and a beta of 1.32.

Cumulus Media (NASDAQ:CMLS) last posted its quarterly earnings results on Friday, November 1st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.07). Cumulus Media had a negative net margin of 18.11% and a negative return on equity of 30.27%. The company had revenue of $203.60 million for the quarter, compared to analyst estimates of $204.05 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, equities analysts expect that Cumulus Media will post -2.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cumulus Media stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Cumulus Media Inc. (NASDAQ:CMLS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,272 shares of the company’s stock, valued at approximately $25,000. Y Intercept Hong Kong Ltd owned about 0.11% of Cumulus Media at the end of the most recent reporting period. 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.