Fortitude Advisory Group L.L.C. Takes Position in Target Hospitality Corp. (NASDAQ:TH)

Fortitude Advisory Group L.L.C. acquired a new stake in Target Hospitality Corp. (NASDAQ:TH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $334,000. Fortitude Advisory Group L.L.C. owned 0.05% of Target Hospitality as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TH. AlphaQuest LLC increased its stake in shares of Target Hospitality by 275.9% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock worth $44,000 after purchasing an additional 3,360 shares during the period. Maridea Wealth Management LLC acquired a new position in shares of Target Hospitality in the 4th quarter valued at approximately $103,000. Two Sigma Advisers LP bought a new stake in Target Hospitality during the fourth quarter worth $105,000. XTX Topco Ltd bought a new stake in shares of Target Hospitality during the 4th quarter worth $113,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Target Hospitality by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock worth $119,000 after acquiring an additional 1,650 shares during the last quarter. Institutional investors own 32.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Target Hospitality from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Stifel Nicolaus increased their price objective on Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a report on Monday, March 31st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.

Target Hospitality Stock Performance

Shares of TH stock remained flat at $7.08 during mid-day trading on Friday. The stock had a trading volume of 1,180,276 shares, compared to its average volume of 558,413. The company has a market cap of $703.47 million, a P/E ratio of 16.47 and a beta of 1.85. The stock's 50 day simple moving average is $6.97 and its two-hundred day simple moving average is $7.76. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.10. Target Hospitality Corp. has a 1 year low of $4.00 and a 1 year high of $11.10.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Target Hospitality had a net margin of 12.71% and a return on equity of 11.34%. The company had revenue of $69.90 million during the quarter, compared to the consensus estimate of $65.37 million. During the same period last year, the firm posted $0.20 earnings per share. The company's revenue for the quarter was down 34.5% on a year-over-year basis. On average, equities analysts anticipate that Target Hospitality Corp. will post 0.65 earnings per share for the current year.

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.