Two Sigma Investments LP grew its holdings in shares of Townsquare Media (NYSE:TSQ) by 286.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,637 shares of the company’s stock after buying an additional 37,550 shares during the period. Two Sigma Investments LP owned 0.27% of Townsquare Media worth $389,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of TSQ. Deutsche Bank AG increased its stake in shares of Townsquare Media by 259.4% during the fourth quarter. Deutsche Bank AG now owns 110,749 shares of the company’s stock valued at $848,000 after buying an additional 79,937 shares during the period. Beck Mack & Oliver LLC increased its stake in shares of Townsquare Media by 57.3% during the fourth quarter. Beck Mack & Oliver LLC now owns 214,990 shares of the company’s stock valued at $1,651,000 after buying an additional 78,300 shares during the period. Renaissance Technologies LLC increased its stake in shares of Townsquare Media by 16.7% during the fourth quarter. Renaissance Technologies LLC now owns 428,700 shares of the company’s stock valued at $3,292,000 after buying an additional 61,401 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Townsquare Media by 25.8% during the third quarter. Dimensional Fund Advisors LP now owns 228,862 shares of the company’s stock valued at $2,289,000 after buying an additional 46,919 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Townsquare Media by 53.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 99,500 shares of the company’s stock valued at $764,000 after buying an additional 34,473 shares during the period. 49.34% of the stock is currently owned by hedge funds and other institutional investors.
TSQ has been the topic of several recent research reports. Zacks Investment Research raised Townsquare Media from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. ValuEngine cut Townsquare Media from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a research note on Friday, March 23rd. Stephens set a $9.00 price target on Townsquare Media and gave the stock a “hold” rating in a research note on Tuesday, March 13th. Finally, Barrington Research raised Townsquare Media from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $10.80.
Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Tuesday, March 13th. The company reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $114.26 million for the quarter, compared to analysts’ expectations of $118.61 million. Townsquare Media had a positive return on equity of 5.44% and a negative net margin of 2.13%. equities analysts anticipate that Townsquare Media will post 0.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 2nd will be paid a $0.075 dividend. The ex-dividend date is Thursday, March 29th. This represents a $0.30 annualized dividend and a yield of 3.77%. Townsquare Media’s payout ratio is 40.54%.
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Townsquare Media Company Profile
Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.
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