Access Investment Management LLC Purchases 1,985 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Access Investment Management LLC increased its holdings in shares of Townsquare Media, Inc. (NYSE:TSQ) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 398,450 shares of the company’s stock after acquiring an additional 1,985 shares during the quarter. Access Investment Management LLC owned about 2.56% of Townsquare Media worth $3,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TSQ. Geode Capital Management LLC increased its holdings in shares of Townsquare Media by 0.4% during the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after purchasing an additional 1,151 shares during the period. State Street Corp increased its stake in Townsquare Media by 4.0% during the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after acquiring an additional 6,800 shares during the period. Empowered Funds LLC raised its holdings in Townsquare Media by 5.2% in the 4th quarter. Empowered Funds LLC now owns 56,634 shares of the company’s stock valued at $515,000 after acquiring an additional 2,804 shares in the last quarter. Krilogy Financial LLC lifted its position in shares of Townsquare Media by 33.3% during the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock valued at $364,000 after acquiring an additional 10,000 shares during the period. Finally, Barclays PLC grew its holdings in shares of Townsquare Media by 59.8% during the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on TSQ. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a research note on Thursday, November 7th. Noble Financial restated an “outperform” rating and issued a $21.00 target price on shares of Townsquare Media in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Insider Activity

In other news, EVP Scott Schatz sold 5,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $9.64, for a total transaction of $48,200.00. Following the completion of the transaction, the executive vice president now directly owns 38,068 shares in the company, valued at approximately $366,975.52. This represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 20,244 shares of company stock worth $193,337. Corporate insiders own 30.50% of the company’s stock.

Townsquare Media Stock Down 2.1 %

Townsquare Media stock opened at $8.73 on Friday. The stock has a market cap of $135.75 million, a PE ratio of -3.22, a P/E/G ratio of 0.58 and a beta of 1.31. Townsquare Media, Inc. has a 12-month low of $8.70 and a 12-month high of $13.57. The business’s 50-day moving average price is $9.24 and its two-hundred day moving average price is $9.85.

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.