How Cumulus Media Inc (CMLS) Stacks Up Against Its Peers?

Page 2 of 2

Because Cumulus Media Inc (NASDAQ:CMLS) has encountered bearish sentiment from the aggregate hedge fund industry, it’s easy to see that there was a specific group of hedge funds who sold off their full holdings last quarter. It’s worth mentioning that Gordy Holterman and Derek Dunn’s Overland Advisors dumped the biggest stake of the “upper crust” of funds watched by Insider Monkey, valued at close to $1.5 million in stock. Joshua Friedman and Mitchell Julis’ fund, Canyon Capital Advisors, also sold off its stock, about $1 million worth.

Let’s check out hedge fund activity in other stocks similar to Cumulus Media Inc (NASDAQ:CMLS). These stocks are Universal Stainless & Alloy Products (NASDAQ:USAP), Life Technologies Corp. (NASDAQ:LIFE), UniPixel Inc (NASDAQ:UNXL), and Sito Mobile Ltd (NASDAQ:SITO). All of these stocks’ market caps are similar to CMLS’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
USAP 6 11348 -1
LIFE 6 6408 1
UNXL 4 722 0
SITO 5 2871 5

As you can see these stocks had an average of 5 hedge funds with bullish positions and the average amount invested in these stocks was $5 million. That figure was $13 million in CMLS’s case. Universal Stainless & Alloy Products (NASDAQ:USAP) is the most popular stock in this table. On the other hand UniPixel Inc (NASDAQ:UNXL) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Cumulus Media Inc (NASDAQ:CMLS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

Page 2 of 2