Janney Montgomery Scott LLC Has $399,000 Holdings in Townsquare Media, Inc. (NYSE:TSQ)

Janney Montgomery Scott LLC lessened its position in shares of Townsquare Media, Inc. (NYSE:TSQ) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 43,902 shares of the company’s stock after selling 1,503 shares during the period. Janney Montgomery Scott LLC’s holdings in Townsquare Media were worth $399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TSQ. Krilogy Financial LLC boosted its holdings 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 in the last quarter. Barclays PLC grew its position 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 buying an additional 14,109 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 1,151 shares in the last quarter. State Street Corp raised its position in shares of Townsquare Media by 4.0% during the third 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 period. Finally, BNP Paribas Financial Markets increased its position in shares of Townsquare Media by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after acquiring an additional 1,503 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Msd Capital L. P sold 36,574 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $10.16, for a total value of $371,591.84. Following the transaction, the insider now owns 1,470,067 shares in the company, valued at approximately $14,935,880.72. This represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Marie Yenicay sold 5,000 shares of the 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 transaction, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at approximately $2,001,342.45. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,957 shares of company stock valued at $616,473. 30.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Townsquare Media Trading Up 0.2 %

Shares of Townsquare Media stock opened at $9.02 on Tuesday. The firm has a market capitalization of $140.22 million, a P/E ratio of -3.33, a price-to-earnings-growth ratio of 0.59 and a beta of 1.31. The business’s fifty day simple moving average is $9.48 and its 200 day simple moving average is $10.03. Townsquare Media, Inc. has a 12 month low of $8.70 and a 12 month high of $13.57.

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.