Two Sigma Investments LP Has $1.25 Million Stock Holdings in Target Hospitality Corp. (NASDAQ:TH)

Two Sigma Investments LP grew its holdings in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 280.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,161 shares of the company's stock after purchasing an additional 95,167 shares during the period. Two Sigma Investments LP owned approximately 0.13% of Target Hospitality worth $1,248,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AlphaQuest LLC increased its stake in shares of Target Hospitality by 275.9% in the fourth 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 last quarter. Maridea Wealth Management LLC acquired a new position in Target Hospitality during the fourth quarter worth $103,000. XTX Topco Ltd bought a new position in Target Hospitality during the fourth quarter valued at about $113,000. Price T Rowe Associates Inc. MD raised its holdings in Target Hospitality by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock valued at $119,000 after buying an additional 1,650 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its holdings 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 valued at $140,000 after buying an additional 2,161 shares in the last quarter. 32.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Target Hospitality Stock Performance

Shares of NASDAQ:TH traded down $0.20 during midday trading on Friday, hitting $7.02. The company's stock had a trading volume of 303,204 shares, compared to its average volume of 610,173. The stock has a market capitalization of $697.54 million, a price-to-earnings ratio of 8.07, a PEG ratio of 1.81 and a beta of 1.85. The stock's 50 day simple moving average is $6.91 and its 200 day simple moving average is $7.84. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.32.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $69.90 million during the quarter, compared to analyst estimates of $65.37 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The company's revenue for the quarter was down 34.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. As a group, analysts anticipate that Target Hospitality Corp. will post 0.65 EPS 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.