Teton Advisors LLC Buys New Holdings in Townsquare Media, Inc. $TSQ

Teton Advisors LLC acquired a new stake in Townsquare Media, Inc. (NYSE:TSQ) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 116,000 shares of the company’s stock, valued at approximately $780,000. Teton Advisors LLC owned approximately 0.71% of Townsquare Media at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TSQ. Raymond James Financial Inc. acquired a new position in shares of Townsquare Media in the second quarter worth about $33,000. AlphaCore Capital LLC acquired a new stake in shares of Townsquare Media during the 3rd quarter valued at approximately $69,000. Occudo Quantitative Strategies LP bought a new position in shares of Townsquare Media during the second quarter valued at approximately $101,000. Rhumbline Advisers increased its position in Townsquare Media by 23.2% in the first quarter. Rhumbline Advisers now owns 18,036 shares of the company’s stock worth $147,000 after buying an additional 3,393 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Townsquare Media in the second quarter worth $158,000. 71.69% of the stock is owned by institutional investors and hedge funds.

Townsquare Media Stock Down 2.6%

Shares of TSQ opened at $7.23 on Friday. The firm has a market capitalization of $119.01 million, a PE ratio of 7.02, a P/E/G ratio of 0.98 and a beta of 0.96. The firm has a 50-day moving average price of $6.33 and a 200 day moving average price of $6.16. Townsquare Media, Inc. has a 52-week low of $4.30 and a 52-week high of $9.31.

Analyst Ratings Changes

TSQ has been the subject of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Townsquare Media in a research report on Monday, December 29th. Barrington Research reduced their target price on shares of Townsquare Media from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. Finally, Wall Street Zen cut shares of Townsquare Media from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.50.

Insider Activity at Townsquare Media

In related news, COO Erik Hellum sold 7,437 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $5.54, for a total transaction of $41,200.98. Following the transaction, the chief operating officer owned 1,029,150 shares in the company, valued at $5,701,491. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 19,652 shares of company stock worth $106,335 in the last quarter. 30.50% of the stock is owned by company insiders.

Townsquare Media Profile

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.