Target Hospitality Corp. (NASDAQ:TH) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered 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 (SEC). The fund owned 4,782 shares of the company's stock after selling 78,926 shares during the quarter. BNP Paribas Financial Markets' holdings in Target Hospitality were worth $46,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Target Hospitality from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Stifel Nicolaus increased their price objective on shares of Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $11.25.

Target Hospitality Stock Down 2.8%

Shares of Target Hospitality stock traded down $0.20 on Friday, hitting $7.02. 303,204 shares of the company's stock traded hands, compared to its average volume of 608,647. The stock has a market cap of $697.54 million, a P/E ratio of 8.07, a PEG ratio of 1.81 and a beta of 1.85. The firm's 50-day moving average is $6.91 and its 200 day moving average is $7.85. Target Hospitality Corp. has a 52-week low of $4.00 and a 52-week high of $11.32.

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

About Target Hospitality

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.