Cumulus Media Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGM:CMLS Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
22 Jan 24	BuyUS$0	Renew Group Private Limited	Company		714,073	US$5.03

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of CMLS?
Owner Type	Number of Shares	Ownership Percentage
Employee Share Scheme	100,569	0.592%
Hedge Funds	1,044,481	6.15%
Individual Insiders	1,153,364	6.79%
Private Companies	1,627,326	9.58%
Institutions	5,914,604	34.8%
General Public	7,145,319	42.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.

Top Shareholders

Top 25 shareholders own 53.64% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.58%	Renew Group Private Limited	1,627,326	US$1.2m	0%	no data
8.59%	Zazove Associates LLC	1,458,428	US$1.1m	0%	1.78%
6.15%	Seaport Global Asset Management LLC	1,044,481	US$784.1k	0%	100.0%
4.59%	Capital Research and Management Company	779,368	US$585.1k	0%	no data
3.98%	The Vanguard Group, Inc.	676,458	US$507.8k	0%	no data
3.17%	Dimensional Fund Advisors LP	538,030	US$403.9k	-2.14%	no data
3.13%	Oak Hill Advisors, L.P.	531,813	US$399.2k	0%	0.08%
2.5%	Acadian Asset Management LLC	424,984	US$319.0k	-0.29%	no data
1.61%	Mary Berner	273,343	US$205.2k	0%	no data
1.14%	Bridgeway Capital Management, LLC	193,160	US$145.0k	0.84%	no data
1.09%	BlackRock, Inc.	184,437	US$138.5k	-8.87%	no data
0.9%	Geode Capital Management, LLC	152,859	US$114.8k	-8.79%	no data
0.78%	Andrew Hobson	131,687	US$98.9k	0%	no data
0.73%	Castleknight Management LP	124,500	US$93.5k	0%	0.01%
0.65%	Francisco Lopez-Balboa	109,954	US$82.5k	0%	no data
0.63%	Balanced Rock Investment Advisors LLC	107,718	US$80.9k	18.9%	0.06%
0.62%	Collin Jones	105,022	US$78.8k	0%	no data
0.59%	Cumulus Media Inc., ESOP	100,569	US$75.5k	0%	no data
0.59%	Voya Investment Management LLC	99,605	US$74.8k	-13.3%	no data
0.47%	UBS Asset Management AG	79,719	US$59.8k	10%	no data
0.46%	Robert Walker	77,388	US$58.1k	0%	no data
0.43%	Thomas Castro	72,377	US$54.3k	0%	no data
0.43%	Matthew Blank	72,377	US$54.3k	0%	no data
0.43%	Brian Kushner	72,377	US$54.3k	0%	no data
0.43%	Joan Gillman	72,377	US$54.3k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:34
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cumulus Media Inc. is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Edward Woo	Ascendiant Capital Markets LLC
James Goss	Barrington Research Associates, Inc.
Daniel Day	B. Riley Securities, Inc.