Crestview Partners Ii Gp LP Trimmed Position in Cumulus Media INC (CMLS) by $57.01 Million as Market Value Declined

August 9, 2017 - By test

Investors sentiment decreased to 0 in 2016 Q4. Its down 0.38, from 0.38 in 2016Q3. It worsened, as 56 investors sold CMLS shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 9.19 million shares or 94.23% less from 159.08 million shares in 2016Q3 were reported. Burgundy Asset Mgmt Ltd invested 0.01% in Cumulus Media Inc (NASDAQ:CMLS). Crestview Prtnrs Ii Grp Limited Partnership accumulated 8.14M shares or 2.44% of the stock.

Crestview Partners Ii Gp Lp decreased its stake in Cumulus Media Inc (CMLS) by 87.5% based on its latest 2016Q4 regulatory filing with the SEC. Crestview Partners Ii Gp Lp sold 57.01 million shares as the company’s stock declined 52.41% while stock markets rallied. The institutional investor held 8.14M shares of the broadcasting company at the end of 2016Q4, valued at $8.31 million, down from 65.15 million at the end of the previous reported quarter. Crestview Partners Ii Gp Lp who had been investing in Cumulus Media Inc for a number of months, seems to be less bullish one the $12.60 million market cap company. The stock rose 1.18% or $0.005 reaching $0.43. About 175 shares traded. Cumulus Media Inc (NASDAQ:CMLS) has declined 79.39% since August 9, 2016 and is downtrending. It has underperformed by 96.09% the S&P500.

More notable recent Cumulus Media Inc (NASDAQ:CMLS) news were published by: Bizjournals.com which released: “Cumulus Media adopts anti-takeover defense” on June 06, 2017, also Globenewswire.com with their article: “Cumulus Media Inc. Announces Conference Call To Discuss Fourth Quarter and …” published on March 08, 2017, Globenewswire.com published: “Cumulus Media Inc. Announces Conference Call To Discuss First Quarter 2017 …” on May 05, 2017. More interesting news about Cumulus Media Inc (NASDAQ:CMLS) were released by: Bizjournals.com and their article: “Cumulus Media improves, but still in the red in 2016” published on March 18, 2017 as well as Globenewswire.com‘s news article titled: “Cumulus Media Inc. Announces Conference Call To Discuss Second Quarter 2017 …” with publication date: July 31, 2017.

Cumulus Media Inc (NASDAQ:CMLS) Ratings Coverage

Among 4 analysts covering Cumulus Media (NASDAQ:CMLS), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Cumulus Media had 5 analyst reports since October 26, 2015 according to SRatingsIntel. The firm has “Hold” rating by Noble Financial given on Friday, March 11. Macquarie Research downgraded the stock to “Neutral” rating in Monday, October 26 report. On Friday, October 30 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. As per Monday, March 14, the company rating was maintained by Ascendiant Capital. The stock of Cumulus Media Inc (NASDAQ:CMLS) earned “Sector Perform” rating by RBC Capital Markets on Monday, November 9.

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