Townsquare Media Inc (TSQ) Shares Reduced by Strs Ohio

Townsquare Media Inc (TSQ) Shares Reduced by Strs Ohio

Strs Ohio cut its stake in shares of Townsquare Media Inc (NYSE:TSQ) by 15.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 49,000 shares of the company’s stock after selling 9,000 shares during the period. Strs Ohio’s holdings in Townsquare Media were worth $596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSQ. RBF Capital LLC bought a new position in Townsquare Media during the third quarter valued at $101,000. Diker Management LLC bought a new position in Townsquare Media during the third quarter valued at $102,000. Gamco Investors INC. ET AL bought a new position in Townsquare Media during the fourth quarter valued at $104,000. Trexquant Investment LP bought a new position in Townsquare Media during the fourth quarter valued at $105,000. Finally, Nationwide Fund Advisors boosted 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 period. Institutional investors own 53.22% of the company’s stock.

Shares of Townsquare Media Inc (TSQ) opened at 10.38 on Friday. Townsquare Media Inc has a 12 month low of $7.30 and a 12 month high of $13.01. The stock has a 50 day moving average of $10.92 and a 200-day moving average of $10.66. The company has a market cap of $191.70 million, a price-to-earnings ratio of 13.29 and a beta of 1.81.

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 Thomson Reuters’ consensus estimate of ($0.13) by $0.03. Townsquare Media had a net margin of 4.37% and a return on equity of 6.70%. The company had revenue of $88.42 million during the quarter, compared to the consensus estimate of $88.90 million. On average, analysts forecast that Townsquare Media Inc will post $0.98 EPS for the current year.

Separately, Jefferies Group LLC upped their price target on shares of Townsquare Media from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, March 14th.

About Townsquare Media

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSQ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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