Townsquare Media, Inc. (TSQ) Holdings Raised by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its position in Townsquare Media, Inc. (NYSE:TSQ) by 37.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,943 shares of the company’s stock after purchasing an additional 49,602 shares during the period. Dimensional Fund Advisors LP owned 0.99% of Townsquare Media worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Hancock Holding Co. grew its position in shares of Townsquare Media by 10.5% in the 2nd quarter. Hancock Holding Co. now owns 18,258 shares of the company’s stock valued at $187,000 after buying an additional 1,740 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Townsquare Media by 42.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 28,366 shares of the company’s stock worth $290,000 after purchasing an additional 8,401 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Townsquare Media by 132.3% in the 2nd quarter. Northern Trust Corp now owns 212,102 shares of the company’s stock worth $2,172,000 after acquiring an additional 120,796 shares during the period. Citigroup Inc. lifted its stake in shares of Townsquare Media by 81.8% in the 2nd quarter. Citigroup Inc. now owns 22,084 shares of the company’s stock worth $227,000 after acquiring an additional 9,936 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Townsquare Media in the 2nd quarter worth $114,000. 48.19% of the stock is currently owned by institutional investors.
Shares of Townsquare Media, Inc. (NYSE:TSQ) traded up $0.10 during midday trading on Thursday, hitting $7.97. 38,800 shares of the company traded hands, compared to its average volume of 59,047. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24. Townsquare Media, Inc. has a 12-month low of $7.00 and a 12-month high of $13.01. The firm has a market capitalization of $145.41, a PE ratio of 10.49, a price-to-earnings-growth ratio of 2.54 and a beta of 1.74.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.08). Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. The company had revenue of $164.11 million during the quarter, compared to analyst estimates of $168.49 million. research analysts forecast that Townsquare Media, Inc. will post 0.78 earnings per share for the current fiscal year.
Several research firms have recently commented on TSQ. Royal Bank Of Canada reduced their target price on shares of Townsquare Media from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. Noble Financial restated a “buy” rating on shares of Townsquare Media in a research note on Friday, November 10th. ValuEngine cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Stephens cut shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Finally, Bank of America cut shares of Townsquare Media from a “buy” rating to an “underperform” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.67.
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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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