Gamco Investors INC. ET AL raised its stake in Townsquare Media Inc (NYSE:TSQ) by 53.0% in the fourth quarter, Holdings Channel reports. The fund owned 99,500 shares of the company’s stock after purchasing an additional 34,473 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Townsquare Media were worth $764,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC lifted its holdings in shares of Townsquare Media by 10.5% in the second quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock worth $219,000 after acquiring an additional 2,023 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Townsquare Media by 42.1% in the second quarter. Parametric Portfolio Associates LLC now owns 28,366 shares of the company’s stock worth $290,000 after acquiring an additional 8,401 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Townsquare Media by 81.8% in the second quarter. Citigroup Inc. now owns 22,084 shares of the company’s stock worth $227,000 after acquiring an additional 9,936 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Townsquare Media in the second quarter worth about $114,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Townsquare Media by 119.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 22,162 shares of the company’s stock worth $222,000 after acquiring an additional 12,062 shares during the last quarter. 47.87% of the stock is owned by hedge funds and other institutional investors.

Townsquare Media Inc (NYSE:TSQ) opened at $6.78 on Tuesday. Townsquare Media Inc has a 52 week low of $6.28 and a 52 week high of $13.01. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $122.87, a P/E ratio of 10.27, a PEG ratio of 1.64 and a beta of 1.43.

TSQ has been the subject of a number of research reports. Stephens cut shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. ValuEngine downgraded Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a research note on Friday, November 10th. Royal Bank of Canada lowered their price objective on Townsquare Media from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. Finally, Zacks Investment Research raised Townsquare Media from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.67.

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About Townsquare Media

Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.

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Institutional Ownership by Quarter for Townsquare Media (NYSE:TSQ)

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