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

Access Investment Management LLC boosted 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 (SEC). 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’s holdings in Townsquare Media were worth $3,622,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TSQ. Barclays PLC lifted its holdings in shares of Townsquare Media by 59.8% during the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares during the period. State Street Corp raised its position 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 purchasing an additional 6,800 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Townsquare Media by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after buying an additional 1,151 shares during the period. BNP Paribas Financial Markets grew its position 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 buying an additional 1,503 shares during the last quarter. Finally, Krilogy Financial LLC increased its stake in shares of Townsquare Media by 33.3% in the fourth quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock valued at $364,000 after buying an additional 10,000 shares during the period. 71.69% of the stock is owned by institutional investors.

Townsquare Media Price Performance

Shares of NYSE:TSQ opened at $8.73 on Friday. Townsquare Media, Inc. has a 1 year low of $8.70 and a 1 year high of $13.57. The business’s 50-day moving average is $9.24 and its 200-day moving average is $9.85. The company has a market capitalization of $135.75 million, a price-to-earnings ratio of -3.22, a P/E/G ratio of 0.58 and a beta of 1.31.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Townsquare Media

In other news, EVP Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock in a transaction on Friday, December 20th. The shares were sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the sale, the executive vice president now owns 207,393 shares in the company, valued at $2,001,342.45. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott Schatz sold 4,594 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $9.65, for a total transaction of $44,332.10. Following the transaction, the executive vice president now owns 31,366 shares in the company, valued at $302,681.90. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,244 shares of company stock valued at $193,337. 30.50% of the stock is currently owned by company insiders.

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.