Weber Alan W Has $1,715,000 Position in Townsquare Media, Inc. (NYSE:TSQ)
Weber Alan W held its stake in shares of Townsquare Media, Inc. (NYSE:TSQ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,517 shares of the company’s stock at the end of the second quarter. Townsquare Media makes up approximately 0.9% of Weber Alan W’s portfolio, making the stock its 23rd largest position. Weber Alan W’s holdings in Townsquare Media were worth $1,715,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of TSQ. Seizert Capital Partners LLC acquired a new stake in shares of Townsquare Media during the first quarter valued at $288,000. Hancock Holding Co. acquired a new stake in shares of Townsquare Media during the first quarter valued at $201,000. Martingale Asset Management L P boosted its stake in shares of Townsquare Media by 31.0% in the first quarter. Martingale Asset Management L P now owns 102,254 shares of the company’s stock valued at $1,246,000 after buying an additional 24,206 shares in the last quarter. Gamco Investors INC. ET AL boosted 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 valued at $617,000 after buying an additional 40,627 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Townsquare Media by 43.2% in the first quarter. Bank of New York Mellon Corp now owns 86,798 shares of the company’s stock valued at $1,057,000 after buying an additional 26,179 shares in the last quarter. 48.42% of the stock is currently owned by institutional investors.
Shares of Townsquare Media, Inc. (NYSE TSQ) opened at 10.39 on Thursday. The firm’s 50-day moving average is $10.59 and its 200-day moving average is $10.93. The company has a market cap of $191.88 million, a PE ratio of 13.30 and a beta of 1.73. Townsquare Media, Inc. has a 12 month low of $8.12 and a 12 month high of $13.01.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Tuesday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.03. The firm had revenue of $88.42 million during the quarter, compared to the consensus estimate of $88.90 million. Townsquare Media had a return on equity of 6.80% and a net margin of 4.20%. On average, equities research analysts predict that Townsquare Media, Inc. will post $0.95 earnings per share for the current year.
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Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $13.00 price objective on shares of Townsquare Media and gave the stock a “buy” rating in a research note on Tuesday, July 18th.
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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