Two Sigma Advisers LP increased its holdings in shares of Townsquare Media, Inc. (NYSE:TSQ - Free Report) by 130.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,600 shares of the company's stock after acquiring an additional 58,700 shares during the period. Two Sigma Advisers LP owned approximately 0.67% of Townsquare Media worth $942,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of TSQ. Empowered Funds LLC boosted its position in Townsquare Media by 5.2% during the fourth quarter. Empowered Funds LLC now owns 56,634 shares of the company's stock worth $515,000 after purchasing an additional 2,804 shares in the last quarter. Access Investment Management LLC boosted its position in Townsquare Media by 0.5% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Townsquare Media by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,730 shares of the company's stock worth $370,000 after purchasing an additional 3,319 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Townsquare Media during the fourth quarter worth $69,000. Finally, American Century Companies Inc. boosted its position in Townsquare Media by 1.3% during the fourth 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 in the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on TSQ. Barrington Research decreased their target price on Townsquare Media from $15.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Wall Street Zen downgraded Townsquare Media from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Noble Financial restated a "buy" rating and issued a $21.00 price objective on shares of Townsquare Media in a research report on Friday, May 9th.
Read Our Latest Report on TSQ
Townsquare Media Trading Up 0.5%
Shares of NYSE:TSQ traded up $0.04 on Thursday, hitting $6.99. The company had a trading volume of 63,181 shares, compared to its average volume of 61,060. Townsquare Media, Inc. has a 52-week low of $6.47 and a 52-week high of $12.32. The business has a 50 day moving average of $7.00 and a 200 day moving average of $8.38. The company has a market cap of $114.25 million, a PE ratio of -2.58, a PEG ratio of 0.58 and a beta of 1.08.
Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The business had revenue of $98.68 million for the quarter, compared to the consensus estimate of $98.50 million. As a group, equities analysts predict that Townsquare Media, Inc. will post 1.07 EPS for the current year.
Townsquare Media Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 11.45%. Townsquare Media's dividend payout ratio (DPR) is presently -60.15%.
Insider Buying and Selling
In other Townsquare Media news, COO Erik Hellum sold 17,305 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $7.00, for a total transaction of $121,135.00. Following the completion of the sale, the chief operating officer now directly owns 741,643 shares in the company, valued at $5,191,501. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 30.50% of the stock is currently owned by company insiders.
About Townsquare Media
(
Free Report)
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.
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