Fortitude Advisory Group L.L.C. purchased a new position in Target Hospitality Corp. (NASDAQ:TH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the company's stock, valued at approximately $334,000. Fortitude Advisory Group L.L.C. owned approximately 0.05% of Target Hospitality as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. Empyrean Capital Partners LP acquired a new stake in shares of Target Hospitality in the 4th quarter worth about $9,781,000. Teacher Retirement System of Texas bought a new stake in Target Hospitality during the 4th quarter worth approximately $2,705,000. Shay Capital LLC purchased a new stake in shares of Target Hospitality in the fourth quarter worth approximately $2,667,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Target Hospitality by 32.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company's stock worth $9,749,000 after purchasing an additional 245,252 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Target Hospitality by 420.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company's stock valued at $1,927,000 after purchasing an additional 161,036 shares in the last quarter. Institutional investors and hedge funds own 32.40% of the company's stock.
Target Hospitality Trading Up 1.6%
Shares of TH opened at $6.99 on Tuesday. The stock has a 50 day moving average of $6.96 and a 200 day moving average of $7.78. The company has a market capitalization of $694.56 million, a price-to-earnings ratio of 8.03, a PEG ratio of 1.81 and a beta of 1.85. Target Hospitality Corp. has a 12 month low of $4.00 and a 12 month high of $11.10.
Target Hospitality (NASDAQ:TH - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). The business had revenue of $69.90 million during the quarter, compared to the consensus estimate of $65.37 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The firm's revenue for the quarter was down 34.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. As a group, equities research analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts recently commented on TH shares. Stifel Nicolaus increased their price target on Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a research report on Monday, March 31st. Wall Street Zen upgraded shares of Target Hospitality from a "sell" rating to a "hold" rating in a research note on Saturday. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.25.
Read Our Latest Report on TH
About Target Hospitality
(
Free Report)
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.
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