Macquarie Group Ltd. bought a new position in shares of Townsquare Media Inc (NYSE:TSQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,656 shares of the company’s stock, valued at approximately $187,000. Macquarie Group Ltd. owned about 0.10% of Townsquare Media at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Townsquare Media during the second quarter worth $114,000. Ameriprise Financial Inc. acquired a new position in Townsquare Media during the second quarter worth $128,000. Prudential Financial Inc. acquired a new position in Townsquare Media during the second quarter worth $135,000. Hancock Holding Co. increased its position in Townsquare Media by 10.5% during the second quarter. Hancock Holding Co. now owns 18,258 shares of the company’s stock worth $187,000 after buying an additional 1,740 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Townsquare Media by 10.5% during the second 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 last quarter. 48.19% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Jefferies Group reissued a “buy” rating and set a $13.00 target price on shares of Townsquare Media in a research report on Tuesday, September 12th. Bank of America downgraded shares of Townsquare Media from a “buy” rating to an “underperform” rating in a research report on Friday, September 29th. Royal Bank of Canada reissued a “buy” rating and set a $12.00 target price on shares of Townsquare Media in a research report on Friday, October 13th. ValuEngine downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Stephens downgraded shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $11.67.

Shares of Townsquare Media Inc (TSQ) opened at $8.10 on Thursday. The stock has a market capitalization of $144.86, a PE ratio of 10.45, a PEG ratio of 2.53 and a beta of 1.56. Townsquare Media Inc has a 1 year low of $7.00 and a 1 year high of $13.01. 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 (NYSE:TSQ) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.08). The business had revenue of $164.11 million during the quarter, compared to analyst estimates of $168.49 million. Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. sell-side analysts predict that Townsquare Media Inc will post 0.78 EPS for the current year.

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Townsquare Media 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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Institutional Ownership by Quarter for Townsquare Media (NYSE:TSQ)

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