Parametric Portfolio Associates LLC Has $243,000 Position in Townsquare Media, Inc. (TSQ)
Parametric Portfolio Associates LLC decreased its stake in shares of Townsquare Media, Inc. (NYSE:TSQ) by 29.5% during the first quarter, Holdings Channel reports. The fund owned 19,965 shares of the company’s stock after selling 8,336 shares during the period. Parametric Portfolio Associates LLC’s holdings in Townsquare Media were worth $243,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in TSQ. Dimensional Fund Advisors LP increased its position in Townsquare Media by 173.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 75,832 shares of the company’s stock valued at $789,000 after buying an additional 48,078 shares during the last quarter. Nationwide Fund Advisors increased its position in Townsquare Media by 6.3% in the first quarter. Nationwide Fund Advisors now owns 16,876 shares of the company’s stock valued at $206,000 after buying an additional 1,000 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Townsquare Media during the first quarter valued at about $793,000. Beck Mack & Oliver LLC increased its position in Townsquare Media by 11.0% in the first quarter. Beck Mack & Oliver LLC now owns 81,000 shares of the company’s stock valued at $987,000 after buying an additional 8,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Townsquare Media by 39.4% in the first quarter. Wells Fargo & Company MN now owns 99,393 shares of the company’s stock valued at $1,211,000 after buying an additional 28,105 shares during the last quarter. 48.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Townsquare Media, Inc. (NYSE:TSQ) opened at 10.20 on Monday. The stock’s 50 day moving average is $10.55 and its 200 day moving average is $10.93. The firm has a market capitalization of $188.37 million, a PE ratio of 13.06 and a beta of 1.73. Townsquare Media, Inc. has a 52-week low of $7.78 and a 52-week high of $13.01.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.03. The business had revenue of $88.42 million during the quarter, compared to the consensus estimate of $88.90 million. Townsquare Media had a return on equity of 6.80% and a net margin of 4.20%. On average, equities research analysts forecast that Townsquare Media, Inc. will post $0.98 EPS for the current year.
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Several equities analysts have recently issued reports on TSQ shares. Royal Bank Of Canada set a $13.00 price target on shares of Townsquare Media and gave the company a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, July 19th.
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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