Finance

Analyzing the Insider Data for Cumulus Media (CMLS)

Recent insider trends for Cumulus Media Inc. (NASDAQ:CMLS) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. CMLS’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 61.87% of Cumulus Media Inc. (CMLS)’s shares. The total value of these holdings, in millions, is $7. Among active positions in the latest quarter, 9 holders increased their positions by a total of 1.1 million shares, 19 holders decreased the positions by a total of 2.59 million shares, and 22 holders held their positions. This works out to a net decrease in ownership of 1.49 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 4 holders initiated new positions by a total of 867674 shares and 14 holders exited their positions by a total of 2.3 million shares. This nets out to a decrease of 1.44 million shares and is another bearish sign for CMLS.

Insider ownership increased by a total of 0 shares, which suggests that CMLS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Cumulus Media Inc. (NASDAQ:CMLS)’s short interest is 988800 shares, or 5.89% of the float. This represents a decrease of -2% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CMLS is a buy, which implies that CMLS is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Cumulus Media Inc. (NASDAQ:CMLS) is undervalued.

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