Macquarie Group Ltd. Invests $187,000 in Townsquare Media Inc (TSQ) Stock
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.
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.
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.
Want to see what other hedge funds are holding TSQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Townsquare Media Inc (NYSE:TSQ).
Receive News & Ratings for Townsquare Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media and related companies with MarketBeat.com's FREE daily email newsletter.