Two Sigma Investments LP Acquires 95,167 Shares of Target Hospitality Corp. (NASDAQ:TH)

Two Sigma Investments LP increased its stake in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 280.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,161 shares of the company's stock after acquiring an additional 95,167 shares during the quarter. Two Sigma Investments LP owned about 0.13% of Target Hospitality worth $1,248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AlphaQuest LLC lifted its position 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 acquired a new position in shares of Target Hospitality in the fourth quarter valued at $103,000. XTX Topco Ltd acquired a new position in shares of Target Hospitality in the fourth quarter valued at $113,000. Price T Rowe Associates Inc. MD lifted 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 worth $119,000 after purchasing an additional 1,650 shares during the period. Finally, Fox Run Management L.L.C. boosted its stake in 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 worth $140,000 after buying an additional 2,161 shares in the last quarter. Institutional investors own 32.40% of the company's stock.

Wall Street Analyst Weigh In

TH has been the subject of a number of recent research reports. Wall Street Zen cut shares of Target Hospitality from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Stifel Nicolaus upped their target price on shares of Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.25.

Target Hospitality Trading Down 2.8%

TH stock traded down $0.20 during trading on Friday, hitting $7.02. The company had a trading volume of 303,204 shares, compared to its average volume of 610,654. The company has a fifty day moving average price of $6.91 and a two-hundred day moving average price of $7.86. The company has a market cap of $697.54 million, a P/E ratio of 8.07, a P/E/G ratio of 1.81 and a beta of 1.85. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.49.

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

Target Hospitality Company 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.