Townsquare Media, Inc. (NYSE:TSQ) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in Townsquare Media, Inc. (NYSE:TSQ) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 638,311 shares of the company’s stock after selling 25,346 shares during the period. American Century Companies Inc. owned about 4.22% of Townsquare Media worth $6,996,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TSQ. Virtu Financial LLC bought a new stake in shares of Townsquare Media in the first quarter worth $124,000. Rhumbline Advisers increased its position in shares of Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after purchasing an additional 2,481 shares during the last quarter. Privium Fund Management UK Ltd acquired a new stake in shares of Townsquare Media in the 2nd quarter valued at about $232,000. Ritholtz Wealth Management lifted its position in shares of Townsquare Media by 19.8% during the second quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Townsquare Media by 17.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 38,891 shares of the company’s stock valued at $411,000 after buying an additional 5,852 shares during the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Townsquare Media Stock Up 0.1 %

NYSE:TSQ opened at $10.28 on Tuesday. The firm has a market capitalization of $155.37 million, a PE ratio of -4.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.36. Townsquare Media, Inc. has a 52 week low of $8.00 and a 52 week high of $13.57. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. The stock has a 50 day moving average of $10.73 and a 200-day moving average of $11.11.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28). The company had revenue of $118.23 million for the quarter, compared to the consensus estimate of $117.99 million. Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. Analysts predict that Townsquare Media, Inc. will post 0.97 EPS for the current year.

Townsquare Media Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.1975 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.79 annualized dividend and a yield of 7.69%. Townsquare Media’s dividend payout ratio is presently -31.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSQ. StockNews.com lowered Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a report on Monday, August 12th.

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.