Target Hospitality Corp. (NASDAQ:TH) Stock Holdings Lowered by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 77.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,848 shares of the company's stock after selling 99,159 shares during the quarter. Bank of America Corp DE's holdings in Target Hospitality were worth $279,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. AlphaQuest LLC increased its holdings in shares of Target Hospitality by 275.9% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock worth $44,000 after acquiring an additional 3,360 shares during the period. Maridea Wealth Management LLC bought a new position in Target Hospitality in the 4th quarter worth about $103,000. XTX Topco Ltd acquired a new stake in shares of Target Hospitality in the fourth quarter valued at approximately $113,000. Price T Rowe Associates Inc. MD increased its stake 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 valued at $119,000 after purchasing an additional 1,650 shares during the period. Finally, Fox Run Management L.L.C. raised its holdings in shares of Target Hospitality by 17.6% during the fourth quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company's stock valued at $140,000 after buying an additional 2,161 shares during the last quarter. Institutional investors own 32.40% of the company's stock.

Target Hospitality Price Performance

Target Hospitality stock traded down $0.01 during trading hours on Tuesday, hitting $6.98. 518,594 shares of the company traded hands, compared to its average volume of 556,035. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.10. The firm has a market cap of $693.53 million, a P/E ratio of 16.23 and a beta of 1.85. The firm's 50-day simple moving average is $6.96 and its two-hundred day simple moving average is $7.77. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.10.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) 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 quarter last year, the business earned $0.20 earnings per share. The company's revenue was down 34.5% on a year-over-year basis. As a group, analysts forecast that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TH has been the subject of a number of recent analyst reports. Wall Street Zen raised Target Hospitality from a "sell" rating to a "hold" rating in a report on Saturday. Stifel Nicolaus boosted their price target on Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a research report on Monday, March 31st. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $11.25.

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.