Empowered Funds LLC Purchases 2,804 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Empowered Funds LLC boosted its position in shares of Townsquare Media, Inc. (NYSE:TSQ) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,634 shares of the company’s stock after acquiring an additional 2,804 shares during the period. Empowered Funds LLC owned approximately 0.36% of Townsquare Media worth $515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC bought a new stake in shares of Townsquare Media in the 3rd quarter valued at approximately $39,000. BNP Paribas Financial Markets grew its stake in shares of Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after purchasing an additional 1,503 shares during the period. Barclays PLC grew its stake in shares of Townsquare Media by 59.8% in the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock valued at $383,000 after purchasing an additional 14,109 shares during the period. Krilogy Financial LLC grew its stake in shares of Townsquare Media by 33.3% in the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock valued at $364,000 after purchasing an additional 10,000 shares during the period. Finally, State Street Corp grew its stake in shares of Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after purchasing an additional 6,800 shares during the period. 71.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TSQ shares. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Noble Financial reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Townsquare Media in a report on Friday, January 24th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a report on Thursday, November 7th.

Insider Activity

In related news, EVP Scott Schatz sold 4,594 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $9.65, for a total transaction of $44,332.10. Following the sale, the executive vice president now owns 31,366 shares of the company’s stock, valued at approximately $302,681.90. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Claire Marie Yenicay sold 5,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $9.22, for a total value of $46,100.00. Following the sale, the executive vice president now directly owns 214,953 shares in the company, valued at $1,981,866.66. The trade was a 2.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,244 shares of company stock valued at $193,337 in the last 90 days. 30.50% of the stock is owned by company insiders.

Townsquare Media Stock Up 0.6 %

TSQ stock opened at $9.05 on Thursday. The business’s fifty day moving average is $9.29 and its 200-day moving average is $9.88. The company has a market cap of $140.62 million, a P/E ratio of -3.34, a price-to-earnings-growth ratio of 0.58 and a beta of 1.31. Townsquare Media, Inc. has a twelve month low of $8.70 and a twelve month high of $13.57.

Townsquare Media Company Profile

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.