Ameriprise Financial Inc. acquired a new position in shares of Townsquare Media, Inc. (NYSE:TSQ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 12,538 shares of the company’s stock, valued at approximately $128,000. Ameriprise Financial Inc. owned 0.07% of Townsquare Media at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. bought a new position in Townsquare Media during the 2nd quarter worth $135,000. Eagle Global Advisors LLC bought a new position in Townsquare Media during the 2nd quarter worth $174,000. Teachers Advisors LLC increased its position in Townsquare Media by 10.5% during the 2nd quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock worth $219,000 after buying an additional 2,023 shares during the period. Chicago Equity Partners LLC bought a new position in Townsquare Media during the 2nd quarter worth $358,000. Finally, Goldman Sachs Group Inc. increased its position in Townsquare Media by 66.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 32,097 shares of the company’s stock worth $391,000 after buying an additional 12,785 shares during the period. Hedge funds and other institutional investors own 48.47% of the company’s stock.
Townsquare Media, Inc. (NYSE:TSQ) opened at $7.15 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24. Townsquare Media, Inc. has a 12-month low of $7.00 and a 12-month high of $13.01. The company has a market capitalization of $129.53, a price-to-earnings ratio of 9.35, a P/E/G ratio of 2.17 and a beta of 1.74.
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A number of research analysts recently commented on TSQ shares. Jefferies Group LLC restated a “buy” rating and issued a $13.00 price target on shares of Townsquare Media in a research report on Tuesday, September 12th. Zacks Investment Research cut Townsquare Media from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Bank of America Corporation cut Townsquare Media from a “buy” rating to an “underperform” rating in a research report on Friday, September 29th. ValuEngine cut Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Noble Financial restated a “buy” rating on shares of Townsquare Media in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s 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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