American Century Companies Inc. reduced its holdings in shares of Townsquare Media, Inc. (NYSE:TSQ) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 394,432 shares of the company’s stock after selling 27,910 shares during the quarter. American Century Companies Inc. owned 2.14% of Townsquare Media worth $4,039,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in TSQ. Nationwide Fund Advisors lifted its position in shares of Townsquare Media by 6.3% during the 1st quarter. Nationwide Fund Advisors now owns 16,876 shares of the company’s stock worth $206,000 after buying an additional 1,000 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Townsquare Media during the 1st quarter worth $793,000. Wells Fargo & Company MN lifted its position in shares of Townsquare Media by 39.4% during the 1st quarter. Wells Fargo & Company MN now owns 99,393 shares of the company’s stock worth $1,211,000 after buying an additional 28,105 shares during the last quarter. LSV Asset Management lifted its position in shares of Townsquare Media by 29.1% during the 1st quarter. LSV Asset Management now owns 79,400 shares of the company’s stock worth $967,000 after buying an additional 17,900 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of Townsquare Media during the 1st quarter worth $530,000. Institutional investors and hedge funds own 49.12% of the company’s stock.
Townsquare Media, Inc. (NYSE TSQ) opened at 10.03 on Tuesday. The company has a market capitalization of $185.33 million, a P/E ratio of 13.28 and a beta of 1.74. The firm has a 50-day moving average price of $10.33 and a 200 day moving average price of $10.80. Townsquare Media, Inc. has a 52-week low of $8.12 and a 52-week high of $13.01.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data 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 firm had revenue of $140.66 million during the quarter, compared to analysts’ expectations of $141.49 million. On average, analysts predict that Townsquare Media, Inc. will post $0.95 earnings per share for the current fiscal year.
Several brokerages recently weighed in on TSQ. Zacks Investment Research upgraded Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, July 19th. Royal Bank Of Canada set a $13.00 target price on Townsquare Media and gave the company a “buy” rating in a research report on Tuesday, July 18th. Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a research report on Friday, August 11th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $13.00 target price on shares of Townsquare Media in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $12.67.
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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.
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