Quadrature Capital Ltd Invests $57,000 in Cumulus Media Inc. (NASDAQ:CMLS)

Quadrature Capital Ltd purchased a new stake in shares of Cumulus Media Inc. (NASDAQ:CMLS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,567 shares of the company’s stock, valued at approximately $57,000. Quadrature Capital Ltd owned 0.06% of Cumulus Media at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMLS. Exchange Traded Concepts LLC purchased a new position in shares of Cumulus Media in the 4th quarter valued at approximately $268,000. Ritholtz Wealth Management purchased a new position in shares of Cumulus Media in the 4th quarter valued at approximately $145,000. First Eagle Investment Management LLC purchased a new position in shares of Cumulus Media in the 4th quarter valued at approximately $117,000. Aristeia Capital LLC purchased a new position in shares of Cumulus Media in the 3rd quarter valued at approximately $105,000. Finally, EJF Capital LLC lifted its stake in shares of Cumulus Media by 28.5% in the 3rd quarter. EJF Capital LLC now owns 86,768 shares of the company’s stock valued at $442,000 after purchasing an additional 19,268 shares during the period. 48.68% of the stock is currently owned by hedge funds and other institutional investors.

Cumulus Media Stock Up 2.0 %

CMLS stock opened at $2.04 on Friday. Cumulus Media Inc. has a twelve month low of $1.84 and a twelve month high of $6.59. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.22. The firm has a market cap of $34.46 million, a PE ratio of -0.30 and a beta of 1.52. The business has a 50 day moving average of $2.44 and a 200 day moving average of $3.57.

Cumulus Media (NASDAQ:CMLS) last posted its quarterly earnings data on Friday, May 3rd. The company reported ($0.85) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.33) by $0.48. Cumulus Media had a negative return on equity of 16.78% and a negative net margin of 13.18%. The company had revenue of $200.05 million during the quarter, compared to analyst estimates of $200.30 million. On average, research analysts forecast that Cumulus Media Inc. will post -1.86 EPS for the current fiscal year.

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.