Target Hospitality Corp. (NASDAQ:TH) is Conversant Capital LLC's 2nd Largest Position

Conversant Capital LLC boosted its holdings in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,889,046 shares of the company's stock after buying an additional 100,000 shares during the period. Target Hospitality makes up 6.5% of Conversant Capital LLC's holdings, making the stock its 2nd largest position. Conversant Capital LLC owned approximately 4.94% of Target Hospitality worth $47,253,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Target Hospitality by 16.3% in the fourth quarter. SG Americas Securities LLC now owns 16,110 shares of the company's stock valued at $156,000 after purchasing an additional 2,262 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Target Hospitality by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company's stock worth $2,683,000 after acquiring an additional 5,967 shares during the period. Victory Capital Management Inc. lifted its stake in Target Hospitality by 18.4% in the 4th quarter. Victory Capital Management Inc. now owns 44,389 shares of the company's stock valued at $429,000 after buying an additional 6,885 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Target Hospitality by 275.9% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock worth $44,000 after purchasing an additional 3,360 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Target Hospitality during the fourth quarter worth $401,000. 32.40% of the stock is owned by institutional investors and hedge funds.

Target Hospitality Trading Up 0.3%

Shares of TH stock traded up $0.02 on Monday, hitting $6.94. The stock had a trading volume of 109,414 shares, compared to its average volume of 597,023. Target Hospitality Corp. has a twelve month low of $4.00 and a twelve month high of $11.84. The company has a fifty day moving average price of $6.43 and a two-hundred day moving average price of $8.01. The firm has a market cap of $689.69 million, a P/E ratio of 7.98, a PEG ratio of 1.81 and a beta of 1.89.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The firm had revenue of $83.70 million during the quarter, compared to the consensus estimate of $80.10 million. During the same period in the prior year, the firm earned $0.29 EPS. The company's revenue was down 33.7% 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.

Analyst Upgrades and Downgrades

TH has been the topic of a number of analyst reports. Northland Capmk raised Target Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Northland Securities upgraded Target Hospitality from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $11.00 to $15.00 in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus upped their price target on Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a report on Monday, March 31st.

Target Hospitality 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.