Russell Investments Group Ltd. decreased its holdings in Townsquare Media Inc (NYSE:TSQ) by 14.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 278,953 shares of the company’s stock after selling 48,310 shares during the quarter. Russell Investments Group Ltd. owned about 1.51% of Townsquare Media worth $2,790,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Beck Mack & Oliver LLC raised its holdings in shares of Townsquare Media by 10.9% in the 3rd quarter. Beck Mack & Oliver LLC now owns 136,690 shares of the company’s stock worth $1,367,000 after purchasing an additional 13,490 shares during the period. Delphi Management Inc. MA raised its holdings in shares of Townsquare Media by 2.8% during the 2nd quarter. Delphi Management Inc. MA now owns 86,764 shares of the company’s stock valued at $888,000 after buying an additional 2,350 shares during the period. State Street Corp raised its holdings in shares of Townsquare Media by 10.6% during the 2nd quarter. State Street Corp now owns 141,635 shares of the company’s stock valued at $1,447,000 after buying an additional 13,570 shares during the period. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Townsquare Media by 87.9% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 48,304 shares of the company’s stock valued at $494,000 after buying an additional 22,600 shares during the period. Finally, Numeric Investors LLC raised its holdings in shares of Townsquare Media by 67.8% during the 2nd quarter. Numeric Investors LLC now owns 121,739 shares of the company’s stock valued at $1,247,000 after buying an additional 49,200 shares during the period. 48.19% of the stock is currently owned by institutional investors.
Shares of Townsquare Media Inc (NYSE TSQ) traded up $0.16 during trading hours on Thursday, hitting $7.60. The company’s stock had a trading volume of 63,316 shares, compared to its average volume of 59,927. Townsquare Media Inc has a 12 month low of $7.00 and a 12 month high of $13.01. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $138.40, a PE ratio of 11.88, a P/E/G ratio of 1.89 and a beta of 1.56.
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 consensus estimate of $0.59 by ($0.08). The business had revenue of $164.11 million for the quarter, compared to analyst estimates of $168.49 million. Townsquare Media had a return on equity of 5.74% and a net margin of 3.81%. equities analysts forecast that Townsquare Media Inc will post 0.73 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on TSQ shares. Royal Bank of Canada lowered their price objective on Townsquare Media from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. ValuEngine lowered Townsquare Media from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Noble Financial restated a “buy” rating on shares of Townsquare Media in a research report on Friday, November 10th. Bank of America lowered Townsquare Media from a “buy” rating to an “underperform” rating in a research report on Friday, September 29th. Finally, Stephens downgraded Townsquare Media from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $11.67.
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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.
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