Schwab Charles Investment Management Inc. held its position in shares of Townsquare Media, Inc. (NYSE:TSQ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,100 shares of the company’s stock at the close of the 2nd quarter. Schwab Charles Investment Management Inc. owned 0.05% of Townsquare Media worth $104,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Algert Global LLC raised its holdings in shares of Townsquare Media by 24.8% in the second quarter. Algert Global LLC now owns 151,063 shares of the company’s stock valued at $1,547,000 after acquiring an additional 30,028 shares in the last quarter. Eagle Global Advisors LLC bought a new stake in shares of Townsquare Media in the second quarter valued at about $174,000. Beck Mack & Oliver LLC raised its holdings 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 valued at $1,262,000 after acquiring an additional 42,200 shares in the last quarter. Strs Ohio raised its holdings in shares of Townsquare Media by 19.0% in the second quarter. Strs Ohio now owns 58,300 shares of the company’s stock valued at $596,000 after acquiring an additional 9,300 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Townsquare Media by 27.2% in the second quarter. Acadian Asset Management LLC now owns 82,650 shares of the company’s stock valued at $845,000 after acquiring an additional 17,652 shares in the last quarter. Institutional investors and hedge funds own 48.42% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Schwab Charles Investment Management Inc. Has $104,000 Position in Townsquare Media, Inc. (TSQ)” was posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/11/15/schwab-charles-investment-management-inc-has-104000-position-in-townsquare-media-inc-tsq.html.

Townsquare Media, Inc. (TSQ) opened at $7.28 on Wednesday. The company has a market cap of $143.38, a PE ratio of 10.35, a price-to-earnings-growth ratio of 2.25 and a beta of 1.74. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.38. Townsquare Media, Inc. has a fifty-two week low of $7.25 and a fifty-two week high of $13.01.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Tuesday, November 7th. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.08). The firm had revenue of $164.11 million during the quarter, compared to the consensus estimate of $168.49 million. Townsquare Media had a return on equity of 5.74% and a net margin of 3.81%. equities analysts predict that Townsquare Media, Inc. will post 0.86 EPS for the current fiscal year.

Several analysts recently weighed in on TSQ shares. Royal Bank Of Canada decreased their price objective on Townsquare Media from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Monday. Noble Financial restated a “buy” rating on shares of Townsquare Media in a report on Friday, November 10th. Bank of America Corporation downgraded Townsquare Media from a “buy” rating to an “underperform” rating in a report on Friday, September 29th. Zacks Investment Research upgraded Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, July 19th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $13.00 price objective on shares of Townsquare Media in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.67.

Townsquare Media 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.

Want to see what other hedge funds are holding TSQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Townsquare Media, Inc. (NYSE:TSQ).

Institutional Ownership by Quarter for Townsquare Media (NYSE:TSQ)

Receive News & Ratings for Townsquare Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media Inc. and related companies with MarketBeat.com's FREE daily email newsletter.