Dimensional Fund Advisors LP Purchases 252,212 Shares of Target Hospitality Corp. $TH

Key Points

• Dimensional Fund Advisors increased its Target Hospitality position by 21.4%, purchasing 252,212 shares in the first quarter to own 1.43 million shares, or approximately 1.43% of the company.
• Other institutional investors also added or initiated positions, bringing total institutional ownership to 32.4% of Target Hospitality’s stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $20.33, although the company recently missed quarterly EPS and revenue estimates and reported negative margins.

Dimensional Fund Advisors LP grew its position in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 21.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,428,773 shares of the company's stock after buying an additional 252,212 shares during the period. Dimensional Fund Advisors LP owned approximately 1.43% of Target Hospitality worth $13,259,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Capelight Capital Asset Management LP acquired a new position in Target Hospitality in the fourth quarter valued at about $481,000. Tudor Investment Corp ET AL raised its position in shares of Target Hospitality by 29.4% during the third quarter. Tudor Investment Corp ET AL now owns 291,903 shares of the company's stock worth $2,475,000 after purchasing an additional 66,322 shares during the period. Kore Advisors LP raised its position in shares of Target Hospitality by 30.9% during the fourth quarter. Kore Advisors LP now owns 425,213 shares of the company's stock worth $3,406,000 after purchasing an additional 100,418 shares during the period. 71 West Capital Partners acquired a new position in shares of Target Hospitality in the 4th quarter valued at approximately $7,147,000. Finally, Royce & Associates LP acquired a new position in shares of Target Hospitality in the 4th quarter valued at approximately $2,801,000. Institutional investors own 32.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Oppenheimer raised their target price on shares of Target Hospitality from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Target Hospitality from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Target Hospitality in a research report on Monday, June 1st. They issued a "hold" rating and a $22.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.33.

Target Hospitality Price Performance

Shares of TH opened at $16.51 on Friday. The stock has a market capitalization of $1.65 billion, a P/E ratio of -37.52 and a beta of 1.49. Target Hospitality Corp. has a twelve month low of $5.97 and a twelve month high of $20.85. The company has a 50 day moving average of $17.57 and a 200-day moving average of $13.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.08.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.02). The business had revenue of $72.78 million during the quarter, compared to the consensus estimate of $73.20 million. Target Hospitality had a negative return on equity of 11.11% and a negative net margin of 13.47%. As a group, equities research analysts forecast that Target Hospitality Corp. will post -0.19 EPS for the current fiscal year.

Target Hospitality Company Profile

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.

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