Acadian Asset Management LLC raised its stake in Townsquare Media, Inc. (NYSE:TSQ) by 27.2% during the second quarter, Holdings Channel reports. The institutional investor owned 82,650 shares of the company’s stock after buying an additional 17,652 shares during the period. Acadian Asset Management LLC’s holdings in Townsquare Media were worth $845,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Townsquare Media by 74.5% in the first quarter. Dimensional Fund Advisors LP now owns 132,341 shares of the company’s stock valued at $1,612,000 after buying an additional 56,509 shares in the last quarter. Algert Global LLC boosted its stake in shares of Townsquare Media by 158.6% in the first quarter. Algert Global LLC now owns 121,035 shares of the company’s stock valued at $1,474,000 after buying an additional 74,229 shares in the last quarter. 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. Spark Investment Management LLC boosted its stake in shares of Townsquare Media by 20.6% in the first quarter. Spark Investment Management LLC now owns 101,700 shares of the company’s stock valued at $1,238,000 after buying an additional 17,400 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Townsquare Media by 39.4% in the first quarter. Wells Fargo & Company MN now owns 99,393 shares of the company’s stock valued at $1,211,000 after buying an additional 28,105 shares in the last quarter. Institutional investors own 48.42% of the company’s stock.

Townsquare Media, Inc. (TSQ) traded up 3.52% on Friday, reaching $10.30. 56,475 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $10.60 and a 200-day moving average price of $10.93. The stock has a market capitalization of $190.32 million, a price-to-earnings ratio of 13.64 and a beta of 1.73. Townsquare Media, Inc. has a 52 week low of $8.12 and a 52 week high of $13.01.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Wednesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. Townsquare Media had a return on equity of 6.85% and a net margin of 4.11%. The company had revenue of $140.66 million during the quarter, compared to analyst estimates of $141.49 million. On average, analysts predict that Townsquare Media, Inc. will post $0.98 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Acadian Asset Management LLC Boosts Stake in Townsquare Media, Inc. (NYSE:TSQ)” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.watchlistnews.com/acadian-asset-management-llc-boosts-stake-in-townsquare-media-inc-nysetsq/1479049.html.

TSQ has been the topic of several research reports. Zacks Investment Research upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, July 19th. Noble Financial restated a “buy” rating on shares of Townsquare Media in a research report on Friday. Finally, Royal Bank Of Canada set a $13.00 price target on shares of Townsquare Media and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Townsquare Media currently has an average rating of “Buy” and an average target price of $12.67.

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.

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 Analyst Ratings Network's FREE daily email newsletter.