WINTON GROUP Ltd Invests $1.50 Million in Target Hospitality Corp. $TH

Key Points

• WINTON GROUP Ltd acquired 73,566 shares of Target Hospitality worth approximately $1.50 million, giving it a 0.07% stake. Institutional investors collectively own 32.40% of the company.
• Target Hospitality reported quarterly revenue of $85.45 million and an adjusted loss of $0.09 per share, outperforming analyst estimates for both metrics, though it remained unprofitable.
• Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $24.60, above its cited market price of $19.25.

WINTON GROUP Ltd bought a new stake in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 73,566 shares of the company's stock, valued at approximately $1,498,000. WINTON GROUP Ltd owned 0.07% of Target Hospitality at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TH. Quantbot Technologies LP bought a new stake in Target Hospitality during the 2nd quarter valued at about $27,000. Deutsche Bank AG grew its stake in Target Hospitality by 4.8% in the 4th quarter. Deutsche Bank AG now owns 33,634 shares of the company's stock worth $269,000 after acquiring an additional 1,526 shares in the last quarter. AdvisorShares Investments LLC grew its stake in Target Hospitality by 17.9% in the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company's stock worth $95,000 after acquiring an additional 1,798 shares in the last quarter. IFP Advisors Inc increased its position in shares of Target Hospitality by 88.0% during the third quarter. IFP Advisors Inc now owns 4,002 shares of the company's stock worth $35,000 after acquiring an additional 1,873 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Target Hospitality by 121.5% during the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company's stock worth $38,000 after acquiring an additional 2,465 shares during the period. 32.40% of the stock is currently owned by institutional investors.

Target Hospitality Stock Performance

Shares of Target Hospitality stock opened at $19.25 on Friday. The company has a market capitalization of $1.92 billion, a PE ratio of -50.66 and a beta of 1.51. The company has a 50-day simple moving average of $17.25 and a two-hundred day simple moving average of $15.45. Target Hospitality Corp. has a one year low of $5.97 and a one year high of $20.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 0.65.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.02. The business had revenue of $85.45 million for the quarter, compared to analysts' expectations of $79.30 million. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%. Research analysts expect that Target Hospitality Corp. will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Stifel Nicolaus set a $26.00 price target on shares of Target Hospitality in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $23.00 price objective on shares of Target Hospitality in a report on Thursday, August 27th. Weiss Ratings raised Target Hospitality from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, August 21st. Oppenheimer lifted their target price on Target Hospitality from $24.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Morgan Stanley began coverage on Target Hospitality in a research report on Monday, August 17th. They set an "overweight" rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.60.

Target Hospitality Profile

Target Hospitality Corp. NASDAQ: TH provides specialty hospitality and workforce accommodation services in North America. The company supports organizations that require temporary or long-term housing and related services in remote, industrial, government, and other challenging operating environments.

Its offerings include modular and prefabricated accommodations, lodging management, food and catering services, housekeeping, maintenance, transportation, security, and other on-site support.

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