Acadian Asset Management LLC cut its position in Townsquare Media Inc (NYSE:TSQ) by 49.2% during the 4th quarter, HoldingsChannel reports. The firm owned 31,104 shares of the company’s stock after selling 30,146 shares during the quarter. Acadian Asset Management LLC’s holdings in Townsquare Media were worth $239,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSQ. Prudential Financial Inc. purchased a new stake in Townsquare Media in the 2nd quarter worth approximately $135,000. JPMorgan Chase & Co. lifted its stake in Townsquare Media by 72.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 100,300 shares of the company’s stock worth $1,027,000 after purchasing an additional 42,070 shares in the last quarter. Teachers Advisors LLC lifted its stake in Townsquare Media by 10.5% in the 2nd quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock worth $219,000 after purchasing an additional 2,023 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Townsquare Media in the 2nd quarter worth approximately $128,000. Finally, GSA Capital Partners LLP purchased a new stake in Townsquare Media in the 2nd quarter worth approximately $114,000. Institutional investors and hedge funds own 48.21% of the company’s stock.
Shares of Townsquare Media Inc (NYSE:TSQ) opened at $6.55 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.38. The firm has a market cap of $133.22, a price-to-earnings ratio of 9.92, a PEG ratio of 1.77 and a beta of 1.43. Townsquare Media Inc has a 52-week low of $6.52 and a 52-week high of $13.01.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.08). The company had revenue of $164.11 million for the quarter, compared to analysts’ expectations of $168.49 million. Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. sell-side analysts expect that Townsquare Media Inc will post 0.73 earnings per share for the current year.
TSQ has been the topic of several recent analyst reports. Royal Bank of Canada lowered their target price on shares of Townsquare Media from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. ValuEngine cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a research note on Friday, November 10th. Stephens cut shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Townsquare Media from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Townsquare Media presently has an average rating of “Hold” and an average target price of $11.67.
About Townsquare Media
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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