StockNews.com Begins Coverage on Cumulus Media (NASDAQ:CMLS)

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

Cumulus Media Price Performance

CMLS opened at $0.90 on Friday. The firm has a 50-day moving average price of $0.80 and a 200-day moving average price of $1.14. Cumulus Media has a twelve month low of $0.63 and a twelve month high of $4.71. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $15.20 million, a price-to-earnings ratio of -0.10 and a beta of 1.34.

Institutional Trading of Cumulus Media

A hedge fund recently bought a new stake in Cumulus Media stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Cumulus Media Inc. (NASDAQ:CMLS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,272 shares of the company’s stock, valued at approximately $25,000. Y Intercept Hong Kong Ltd owned approximately 0.11% of Cumulus Media as of its most recent SEC filing. 48.68% of the stock is currently owned by institutional investors.

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.