Cumulus Media (NASDAQ:CMLS) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report released on Sunday. The firm issued a hold rating on the stock.

Cumulus Media Price Performance

CMLS stock opened at $0.86 on Friday. The stock has a 50-day moving average price of $0.80 and a two-hundred day moving average price of $1.14. 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 $14.63 million, a PE ratio of -0.10 and a beta of 1.34. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68.

Hedge Funds Weigh In On Cumulus Media

A hedge fund recently bought a new stake in Cumulus Media stock. Garden State Investment Advisory Services LLC acquired a new position in Cumulus Media Inc. (NASDAQ:CMLS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 145,500 shares of the company’s stock, valued at approximately $191,000. Garden State Investment Advisory Services LLC owned approximately 0.86% of Cumulus Media as of its most recent SEC filing. 48.68% of the stock is owned by hedge funds and other institutional investors.

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.