Teton Advisors LLC Invests $780,000 in Townsquare Media, Inc. $TSQ

Teton Advisors LLC acquired a new stake in Townsquare Media, Inc. (NYSE:TSQ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 116,000 shares of the company’s stock, valued at approximately $780,000.

Several other large investors have also bought and sold shares of the company. Gabelli Funds LLC raised its position in Townsquare Media by 4.9% in the second quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock worth $455,000 after acquiring an additional 2,700 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Townsquare Media by 23.2% during the 1st quarter. Rhumbline Advisers now owns 18,036 shares of the company’s stock valued at $147,000 after purchasing an additional 3,393 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Townsquare Media in the 2nd quarter worth approximately $33,000. Dimensional Fund Advisors LP grew its stake in shares of Townsquare Media by 11.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 82,599 shares of the company’s stock worth $555,000 after purchasing an additional 8,691 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Townsquare Media by 2.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 383,107 shares of the company’s stock worth $3,030,000 after purchasing an additional 9,075 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Stock Down 2.6%

TSQ opened at $7.23 on Friday. The firm has a market capitalization of $119.01 million, a P/E ratio of 7.02, a PEG ratio of 0.98 and a beta of 0.96. The stock has a fifty day moving average of $6.33 and a 200-day moving average of $6.16. Townsquare Media, Inc. has a 12-month low of $4.30 and a 12-month high of $9.31.

Insiders Place Their Bets

In other news, COO Erik Hellum sold 7,437 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $5.54, for a total value of $41,200.98. Following the transaction, the chief operating officer owned 1,029,150 shares in the company, valued at $5,701,491. This represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 19,652 shares of company stock worth $106,335. Insiders own 30.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Townsquare Media in a report on Monday, December 29th. Barrington Research cut their price objective on Townsquare Media from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Finally, Wall Street Zen lowered Townsquare Media from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Townsquare Media Company Profile

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.