Townsquare Media, Inc. (NYSE:TSQ) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of Townsquare Media, Inc. (NYSE:TSQ - Free Report) by 42.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 166,852 shares of the company's stock after selling 122,345 shares during the quarter. Dimensional Fund Advisors LP owned about 1.07% of Townsquare Media worth $1,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in shares of Townsquare Media by 1.3% in the 4th quarter. American Century Companies Inc. now owns 699,787 shares of the company's stock worth $6,361,000 after purchasing an additional 9,292 shares during the period. Access Investment Management LLC boosted its holdings in shares of Townsquare Media by 0.5% in the 4th quarter. Access Investment Management LLC now owns 398,450 shares of the company's stock worth $3,622,000 after purchasing an additional 1,985 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Townsquare Media by 7.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 353,507 shares of the company's stock worth $3,213,000 after purchasing an additional 23,200 shares during the period. Geode Capital Management LLC boosted its holdings in Townsquare Media by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 280,897 shares of the company's stock valued at $2,554,000 after acquiring an additional 1,912 shares during the period. Finally, Sei Investments Co. boosted its holdings in Townsquare Media by 2.1% during the 4th quarter. Sei Investments Co. now owns 72,426 shares of the company's stock valued at $658,000 after acquiring an additional 1,513 shares during the period. Institutional investors own 71.69% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TSQ shares. Noble Financial restated a "buy" rating and set a $21.00 price objective on shares of Townsquare Media in a report on Friday, May 9th. StockNews.com cut Townsquare Media from a "strong-buy" rating to a "hold" rating in a report on Friday. Finally, Barrington Research dropped their price objective on Townsquare Media from $15.00 to $13.00 and set an "outperform" rating for the company in a report on Friday, May 9th.

Townsquare Media Stock Performance

NYSE TSQ traded up $0.02 on Friday, reaching $7.07. 79,545 shares of the stock traded hands, compared to its average volume of 57,923. The company has a fifty day moving average price of $7.33 and a 200-day moving average price of $8.66. The company has a market cap of $113.96 million, a price-to-earnings ratio of -2.61, a PEG ratio of 0.58 and a beta of 1.08. Townsquare Media, Inc. has a 12 month low of $6.47 and a 12 month high of $12.32.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). The business had revenue of $98.68 million during the quarter, compared to analyst estimates of $98.50 million. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. As a group, research analysts anticipate that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 11.32%. The ex-dividend date of this dividend is Friday, July 18th. Townsquare Media's dividend payout ratio (DPR) is presently -60.15%.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.