Townsquare Media, Inc. (TSQ) Position Increased by Teachers Advisors LLC
Teachers Advisors LLC increased its holdings in shares of Townsquare Media, Inc. (NYSE:TSQ) by 10.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,344 shares of the company’s stock after purchasing an additional 2,023 shares during the quarter. Teachers Advisors LLC owned 0.12% of Townsquare Media worth $219,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of TSQ. Bank of New York Mellon Corp increased its position in shares of Townsquare Media by 43.2% during the 1st quarter. Bank of New York Mellon Corp now owns 86,798 shares of the company’s stock worth $1,057,000 after purchasing an additional 26,179 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Townsquare Media by 122.2% during the 1st quarter. JPMorgan Chase & Co. now owns 58,230 shares of the company’s stock valued at $709,000 after acquiring an additional 32,026 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Townsquare Media by 4.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 33,663 shares of the company’s stock valued at $410,000 after acquiring an additional 1,335 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Townsquare Media by 74.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 132,341 shares of the company’s stock valued at $1,612,000 after acquiring an additional 56,509 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Townsquare Media by 66.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 32,097 shares of the company’s stock valued at $391,000 after acquiring an additional 12,785 shares during the period. 48.47% of the stock is owned by hedge funds and other institutional investors.
Townsquare Media, Inc. (NYSE:TSQ) opened at $7.45 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $129.53, a PE ratio of 9.35, a PEG ratio of 2.17 and a beta of 1.74. Townsquare Media, Inc. has a 52 week low of $7.00 and a 52 week high of $13.01.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). The company had revenue of $164.11 million during 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 0.81 earnings per share for the current fiscal year.
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A number of equities analysts recently commented on the company. Bank of America Corporation cut Townsquare Media from a “buy” rating to an “underperform” rating in a report on Friday, September 29th. Stephens cut Townsquare Media from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Jefferies Group LLC restated a “buy” rating and set a $13.00 target price on shares of Townsquare Media in a report on Tuesday, September 12th. Noble Financial restated a “buy” rating on shares of Townsquare Media in a report on Friday, August 11th. Finally, ValuEngine cut Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company 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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