Dimensional Fund Advisors LP Buys 161,036 Shares of Target Hospitality Corp. (NASDAQ:TH)

Dimensional Fund Advisors LP lifted its position in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 420.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,358 shares of the company's stock after buying an additional 161,036 shares during the quarter. Dimensional Fund Advisors LP owned about 0.20% of Target Hospitality worth $1,927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TH. AlphaQuest LLC lifted its holdings in Target Hospitality by 275.9% during the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock valued at $44,000 after purchasing an additional 3,360 shares during the last quarter. Maridea Wealth Management LLC acquired a new stake in Target Hospitality during the 4th quarter valued at $103,000. XTX Topco Ltd acquired a new stake in Target Hospitality during the 4th quarter valued at $113,000. Fox Run Management L.L.C. lifted its holdings in Target Hospitality by 17.6% during the 4th quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company's stock valued at $140,000 after purchasing an additional 2,161 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Target Hospitality by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,394 shares of the company's stock valued at $149,000 after purchasing an additional 5,246 shares during the last quarter. 32.40% of the stock is owned by institutional investors.

Target Hospitality Price Performance

TH stock traded down $0.10 during midday trading on Tuesday, reaching $7.37. The company had a trading volume of 15,282 shares, compared to its average volume of 600,524. The company has a market capitalization of $731.82 million, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.89. The stock has a 50 day moving average price of $6.60 and a 200-day moving average price of $7.99. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.57.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly 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. The business had revenue of $83.70 million during the quarter, compared to the consensus estimate of $80.10 million. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. Target Hospitality's revenue for the quarter was down 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. As a group, research analysts anticipate that Target Hospitality Corp. will post 0.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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 lifted their target price for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th. Finally, Northland Capmk raised Target Hospitality from a "hold" rating to a "strong-buy" rating in a report 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.