Zacks Investment Research cut shares of Salem Media Group, Inc. (NASDAQ:SALM) from a hold rating to a sell rating in a research report report published on Tuesday.

According to Zacks, “Salem Media Group, Inc. is a radio broadcaster, Internet content provider and magazine and book publisher specializing in Christian and Conservative content. Its operating segment consists of Broadcast, Digital Media and Publishing. Broadcasting segment is engaged in the ownership and operation of radio stations in metropolitan markets. Digital Media segment focuses on Web-based platform designed. Publishing segment consists of Regnery Publishing, Xulon Press and Salem Publishing. Salem Media Group, Inc., formerly known as Salem Communications Corporation, is headquartered in Camarillo, California. “

SALM has been the topic of a number of other research reports. Noble Financial restated a buy rating on shares of Salem Media Group in a research note on Friday, November 10th. ValuEngine lowered Salem Media Group from a buy rating to a hold rating in a research note on Friday, September 1st.

Salem Media Group (NASDAQ:SALM) traded down $0.20 during trading on Tuesday, reaching $4.75. The company’s stock had a trading volume of 49,200 shares, compared to its average volume of 35,915. Salem Media Group has a 12-month low of $4.65 and a 12-month high of $8.25. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market cap of $129.28, a price-to-earnings ratio of 12.07 and a beta of 1.29.

Salem Media Group (NASDAQ:SALM) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.16). Salem Media Group had a return on equity of 5.02% and a net margin of 1.97%. The company had revenue of $65.43 million for the quarter, compared to the consensus estimate of $68.43 million. equities analysts expect that Salem Media Group will post 0.17 earnings per share for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. bought a new position in shares of Salem Media Group in the 3rd quarter valued at $101,000. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Salem Media Group by 23.7% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 17,200 shares of the company’s stock valued at $121,000 after purchasing an additional 3,300 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Salem Media Group by 82.9% in the 2nd quarter. Teachers Advisors LLC now owns 21,735 shares of the company’s stock valued at $154,000 after purchasing an additional 9,852 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Salem Media Group by 35.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 29,558 shares of the company’s stock valued at $210,000 after purchasing an additional 7,701 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Salem Media Group by 11.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 46,434 shares of the company’s stock valued at $330,000 after purchasing an additional 4,767 shares during the last quarter. Institutional investors own 30.27% of the company’s stock.

Salem Media Group Company Profile

Salem Media Group, Inc, formerly Salem Communications Corporation, is a multi-media company specializing in Christian and Conservative content, with media properties consisting of radio broadcasting, digital media, and book, magazine and newsletter publishing. The Company operates through three segments: Broadcast, Digital Media and Publishing.

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