Townsquare Media, Inc. (TSQ) Stake Boosted by Algert Global LLC
Algert Global LLC raised its position in Townsquare Media, Inc. (NYSE:TSQ) by 24.8% during the second quarter, Holdings Channel reports. The firm owned 151,063 shares of the company’s stock after buying an additional 30,028 shares during the period. Algert Global LLC’s holdings in Townsquare Media were worth $1,547,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in TSQ. Acadian Asset Management LLC acquired a new stake in shares of Townsquare Media during the first quarter worth about $793,000. Dimensional Fund Advisors LP increased its stake in shares of Townsquare Media by 74.5% in the first quarter. Dimensional Fund Advisors LP now owns 132,341 shares of the company’s stock worth $1,612,000 after buying an additional 56,509 shares during the period. Boston Partners acquired a new stake in shares of Townsquare Media during the first quarter worth about $530,000. Beck Mack & Oliver LLC increased its stake in shares of Townsquare Media by 52.1% in the second quarter. Beck Mack & Oliver LLC now owns 123,200 shares of the company’s stock worth $1,262,000 after buying an additional 42,200 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Townsquare Media by 406.3% in the first quarter. Gamco Investors INC. ET AL now owns 50,627 shares of the company’s stock worth $617,000 after buying an additional 40,627 shares during the period. 48.42% of the stock is owned by institutional investors.
Shares of Townsquare Media, Inc. (NYSE:TSQ) opened at 10.43 on Wednesday. The stock has a 50 day moving average price of $10.56 and a 200 day moving average price of $10.92. Townsquare Media, Inc. has a 12-month low of $8.08 and a 12-month high of $13.01. The stock has a market capitalization of $192.62 million, a P/E ratio of 13.35 and a beta of 1.73.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Tuesday, May 9th. The company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.03. The firm had revenue of $88.42 million during the quarter, compared to analyst estimates of $88.90 million. Townsquare Media had a return on equity of 6.80% and a net margin of 4.20%. On average, equities analysts anticipate that Townsquare Media, Inc. will post $0.98 earnings per share for the current fiscal year.
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A number of analysts have issued reports on TSQ shares. Royal Bank Of Canada set a $13.00 price target on Townsquare Media and gave the stock a “buy” rating in a report on Tuesday, July 18th. Zacks Investment Research raised Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, July 19th.
Townsquare Media Company Profile
Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.
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