1,012,000 Shares in Target Hospitality Corp. (NASDAQ:TH) Acquired by Empyrean Capital Partners LP

Empyrean Capital Partners LP acquired a new position in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,012,000 shares of the company's stock, valued at approximately $9,781,000. Empyrean Capital Partners LP owned about 1.02% of Target Hospitality as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TH. Deutsche Bank AG raised its holdings in Target Hospitality by 42.6% during the 4th quarter. Deutsche Bank AG now owns 38,662 shares of the company's stock worth $374,000 after buying an additional 11,541 shares during the period. Conversant Capital LLC grew its stake in shares of Target Hospitality by 2.1% in the fourth quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock valued at $47,253,000 after buying an additional 100,000 shares in the last quarter. AdvisorShares Investments LLC grew its stake in shares of Target Hospitality by 13.7% in the fourth quarter. AdvisorShares Investments LLC now owns 24,889 shares of the company's stock valued at $241,000 after buying an additional 3,000 shares in the last quarter. Northern Trust Corp boosted its position in Target Hospitality by 4.7% during the fourth quarter. Northern Trust Corp now owns 336,103 shares of the company's stock worth $3,248,000 after purchasing an additional 15,155 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in Target Hospitality by 100.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 175,574 shares of the company's stock worth $1,697,000 after purchasing an additional 87,895 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Trading Up 0.4%

TH stock traded up $0.03 during trading on Monday, hitting $6.95. The company had a trading volume of 289,547 shares, compared to its average volume of 597,698. The business has a 50-day moving average of $6.43 and a 200-day moving average of $8.01. Target Hospitality Corp. has a one year low of $4.00 and a one year high of $11.84. The stock has a market cap of $690.58 million, a PE ratio of 7.99, a PEG ratio of 1.81 and a beta of 1.89.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The business had revenue of $83.70 million during the quarter, compared to analyst estimates of $80.10 million. During the same period in the previous year, the company posted $0.29 EPS. The firm's revenue was down 33.7% compared to the same quarter last year. Research analysts forecast that Target Hospitality Corp. will post 0.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their target price on Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a report on Monday, March 31st. Northland Securities raised Target Hospitality from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Finally, Northland Capmk raised Target Hospitality from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th.

Target Hospitality Profile

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services - South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.