Two Sigma Advisers LP Acquires 58,700 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Two Sigma Advisers LP boosted its position in Townsquare Media, Inc. (NYSE:TSQ - Free Report) by 130.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,600 shares of the company's stock after purchasing an additional 58,700 shares during the quarter. Two Sigma Advisers LP owned about 0.67% of Townsquare Media worth $942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in shares of Townsquare Media by 56.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company's stock valued at $57,000 after purchasing an additional 2,259 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Townsquare Media during the 4th quarter valued at about $69,000. Russell Investments Group Ltd. increased its stake in Townsquare Media by 1,086.0% during the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company's stock valued at $76,000 after buying an additional 7,700 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of Townsquare Media by 47.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company's stock worth $247,000 after buying an additional 8,700 shares in the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of Townsquare Media by 122.8% in the 4th quarter. Trexquant Investment LP now owns 28,353 shares of the company's stock worth $258,000 after acquiring an additional 15,628 shares during the period. 71.69% of the stock is owned by institutional investors and hedge funds.

Townsquare Media Stock Up 0.1%

Shares of TSQ stock traded up $0.01 during trading hours on Thursday, reaching $6.96. 6,807 shares of the stock traded hands, compared to its average volume of 60,748. The business has a fifty day moving average price of $7.02 and a 200 day moving average price of $8.40. Townsquare Media, Inc. has a 1-year low of $6.47 and a 1-year high of $12.32. The firm has a market capitalization of $113.73 million, a PE ratio of -2.57, a PEG ratio of 0.58 and a beta of 1.08.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $98.50 million. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. Research analysts expect that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Dividend Announcement

The company also recently disclosed 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 is Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 11.50%. Townsquare Media's payout ratio is -60.15%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barrington Research dropped their target price on Townsquare Media from $15.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Noble Financial reissued a "buy" rating and issued a $21.00 price objective on shares of Townsquare Media in a research note on Friday, May 9th. Finally, Wall Street Zen lowered Townsquare Media from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th.

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.