Townsquare Media, Inc. (NYSE:TSQ) Shares Sold by MSD Capital L P

MSD Capital L P reduced its position in shares of Townsquare Media, Inc. (NYSE:TSQ) by 52.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 728,199 shares of the company’s stock after selling 790,628 shares during the quarter. Townsquare Media makes up 3.6% of MSD Capital L P’s portfolio, making the stock its 3rd biggest holding. MSD Capital L P’s holdings in Townsquare Media were worth $6,619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TSQ. American Century Companies Inc. lifted its stake in Townsquare Media by 1.3% in the fourth quarter. American Century Companies Inc. now owns 699,787 shares of the company’s stock worth $6,361,000 after acquiring an additional 9,292 shares during the last quarter. Access Investment Management LLC lifted its position in shares of Townsquare Media by 0.5% during the 4th quarter. Access Investment Management LLC now owns 398,450 shares of the company’s stock worth $3,622,000 after buying an additional 1,985 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Townsquare Media by 7.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 353,507 shares of the company’s stock valued at $3,213,000 after purchasing an additional 23,200 shares during the last quarter. Geode Capital Management LLC raised its position in Townsquare Media by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 280,897 shares of the company’s stock valued at $2,554,000 after purchasing an additional 1,912 shares during the last quarter. Finally, Northern Trust Corp raised its position in Townsquare Media by 25.1% in the 4th quarter. Northern Trust Corp now owns 144,847 shares of the company’s stock valued at $1,317,000 after purchasing an additional 29,019 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSQ. Barrington Research dropped their price objective on shares of Townsquare Media from $15.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. StockNews.com upgraded shares of Townsquare Media from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 8th. Finally, Noble Financial restated an “outperform” rating and issued a $21.00 target price on shares of Townsquare Media in a report on Friday, January 24th.

Townsquare Media Price Performance

Shares of TSQ stock opened at $7.29 on Wednesday. The firm has a market cap of $117.51 million, a P/E ratio of -2.69, a PEG ratio of 0.58 and a beta of 1.08. Townsquare Media, Inc. has a 1-year low of $6.47 and a 1-year high of $12.32. The firm’s 50-day simple moving average is $7.39 and its 200-day simple moving average is $8.74.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $98.68 million for the quarter, compared to analyst estimates of $98.50 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. Analysts expect that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.97%. The ex-dividend date is Friday, July 18th. Townsquare Media’s dividend payout ratio (DPR) is presently -60.15%.

About Townsquare Media

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.