BNP Paribas Financial Markets Sells 78,926 Shares of Target Hospitality Corp. (NASDAQ:TH)

BNP Paribas Financial Markets cut its stake in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 94.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,782 shares of the company's stock after selling 78,926 shares during the period. BNP Paribas Financial Markets' holdings in Target Hospitality were worth $46,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new position in shares of Target Hospitality during the 4th quarter valued at about $2,705,000. Arrowstreet Capital Limited Partnership lifted its holdings in Target Hospitality by 32.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company's stock valued at $9,749,000 after purchasing an additional 245,252 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $1,927,000 after purchasing an additional 161,036 shares during the period. Rangeley Capital LLC bought a new stake in Target Hospitality during the fourth quarter valued at about $1,395,000. Finally, American Century Companies Inc. grew its position in shares of Target Hospitality by 16.4% during the fourth quarter. American Century Companies Inc. now owns 695,316 shares of the company's stock worth $6,720,000 after purchasing an additional 98,135 shares in the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Stock Performance

Shares of TH traded down $0.07 during mid-day trading on Friday, hitting $7.15. 139,429 shares of the stock were exchanged, compared to its average volume of 610,017. The company has a market cap of $710.46 million, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.81 and a beta of 1.85. Target Hospitality Corp. has a 52-week low of $4.00 and a 52-week high of $11.49. The firm has a 50-day moving average of $6.91 and a two-hundred day moving average of $7.86.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The business had revenue of $69.90 million for the quarter, compared to the consensus estimate of $65.37 million. During the same quarter last year, the business earned $0.20 EPS. Target Hospitality's revenue for the quarter was down 34.5% compared to the same quarter last year. On average, sell-side analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current year.

Analyst Ratings Changes

TH has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a report on Monday, March 31st. Wall Street Zen downgraded shares of Target Hospitality from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" 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.