Cumulus Media Inc. (CMLS) Issues Quarterly Earnings Results
Cumulus Media Inc. (NASDAQ:CMLS) announced its quarterly earnings data on Monday. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19, Bloomberg Earnings reports.
Shares of Cumulus Media (NASDAQ:CMLS) traded up 1.18% during mid-day trading on Monday, reaching $0.43. 329,986 shares of the company’s stock traded hands. Cumulus Media has a 12-month low of $0.22 and a 12-month high of $3.28. The stock’s market cap is $12.60 million. The firm’s 50 day moving average price is $0.43 and its 200-day moving average price is $0.51.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Cumulus Media from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Noble Financial reaffirmed a “hold” rating on shares of Cumulus Media in a research report on Thursday, May 18th.
ILLEGAL ACTIVITY NOTICE: “Cumulus Media Inc. (CMLS) Issues Quarterly Earnings Results” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/cumulus-media-inc-cmls-issues-earnings-results/1487898.html.
Several hedge funds have recently bought and sold shares of CMLS. Renaissance Technologies LLC increased its stake in Cumulus Media by 65.2% in the first quarter. Renaissance Technologies LLC now owns 334,805 shares of the company’s stock worth $107,000 after buying an additional 132,100 shares during the period. Q Global Advisors LLC acquired a new stake in Cumulus Media during the first quarter worth $191,000. Finally, Zazove Associates LLC increased its stake in Cumulus Media by 2.9% in the first quarter. Zazove Associates LLC now owns 700,576 shares of the company’s stock worth $225,000 after buying an additional 20,000 shares during the period. Hedge funds and other institutional investors own 66.53% of the company’s stock.
Cumulus Media Company Profile
Cumulus Media Inc (Cumulus) is a radio broadcasting company. The Company is also a provider of country music and lifestyle content through its NASH brand, which serves through radio programming, NASH Country Weekly magazine and live events. Its product lines include broadcast advertising, digital advertising, political advertising and non-advertising based license fees.
Receive News & Ratings for Cumulus Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cumulus Media Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.