Russell Investments Group Ltd. Sells 49,570 Shares of Target Hospitality Corp. (NASDAQ:TH)

Russell Investments Group Ltd. cut its stake in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,055 shares of the company's stock after selling 49,570 shares during the period. Russell Investments Group Ltd.'s holdings in Target Hospitality were worth $252,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TH. State Street Corp grew its position in shares of Target Hospitality by 1.7% in the third quarter. State Street Corp now owns 725,905 shares of the company's stock valued at $5,648,000 after purchasing an additional 12,087 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Target Hospitality by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 855,069 shares of the company's stock worth $6,654,000 after purchasing an additional 72,579 shares in the last quarter. SG Americas Securities LLC raised its position in shares of 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 buying an additional 2,262 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Target Hospitality by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company's stock worth $2,683,000 after buying an additional 5,967 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Target Hospitality by 18.4% during the 4th quarter. Victory Capital Management Inc. now owns 44,389 shares of the company's stock worth $429,000 after acquiring an additional 6,885 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Stock Up 1.9 %

Target Hospitality stock traded up $0.13 during trading hours on Wednesday, reaching $6.80. 1,161,869 shares of the company's stock were exchanged, compared to its average volume of 596,591. Target Hospitality Corp. has a twelve month low of $4.00 and a twelve month high of $11.84. The firm's 50 day simple moving average is $6.21 and its 200 day simple moving average is $8.02. The firm has a market capitalization of $675.68 million, a PE ratio of 7.82, a PEG ratio of 1.81 and a beta of 1.70.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $83.70 million during the quarter, compared to the consensus estimate of $80.10 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The firm's revenue for the quarter was down 33.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. Analysts anticipate that Target Hospitality Corp. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

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

About Target Hospitality

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.