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

Analysts at StockNews.com assumed coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report issued on Thursday. The firm set a “hold” rating on the stock.

Cumulus Media Price Performance

Cumulus Media stock opened at $0.41 on Thursday. The firm has a 50-day moving average price of $0.80 and a 200-day moving average price of $1.00. The firm has a market capitalization of $7.10 million, a PE ratio of -0.05 and a beta of 1.37. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68. Cumulus Media has a 12-month low of $0.41 and a 12-month high of $3.92.

Institutional Investors Weigh In On Cumulus Media

Several institutional investors have recently made changes to their positions in CMLS. Y Intercept Hong Kong Ltd purchased a new position in Cumulus Media in the 3rd quarter worth about $25,000. Garden State Investment Advisory Services LLC purchased a new position in Cumulus Media in the 3rd quarter worth about $191,000. Finally, Zazove Associates LLC increased its stake in Cumulus Media by 4.8% in 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 during the period. 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.