Tudor Investment Corp ET AL Raises Stake in Target Hospitality Corp. $TH

Tudor Investment Corp ET AL lifted its stake in shares of Target Hospitality Corp. (NASDAQ:TH) by 29.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 291,903 shares of the company’s stock after purchasing an additional 66,322 shares during the quarter. Tudor Investment Corp ET AL owned about 0.29% of Target Hospitality worth $2,475,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TH. IFP Advisors Inc boosted its holdings in 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 buying an additional 1,873 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Target Hospitality by 121.5% in the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after buying an additional 2,465 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Target Hospitality during the 3rd quarter valued at approximately $44,000. Tripletail Wealth Management LLC acquired a new stake in shares of Target Hospitality during the 3rd quarter valued at approximately $55,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Target Hospitality during the 3rd quarter worth approximately $95,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Stock Performance

Shares of NASDAQ:TH opened at $9.61 on Friday. The business’s fifty day moving average price is $7.84 and its two-hundred day moving average price is $7.85. The stock has a market cap of $962.44 million, a PE ratio of -25.29 and a beta of 1.36. Target Hospitality Corp. has a one year low of $5.97 and a one year high of $9.90.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The company had revenue of $89.78 million during the quarter, compared to analyst estimates of $85.20 million. Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%. As a group, equities research analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TH. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a report on Monday, December 29th. Texas Capital upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Oppenheimer raised Target Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 price target for the company in a research note on Tuesday, March 17th. Stifel Nicolaus set a $11.00 price objective on shares of Target Hospitality in a research report on Wednesday, March 11th. Finally, Wall Street Zen downgraded shares of Target Hospitality from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Target Hospitality currently has an average rating of “Moderate Buy” and an average price target of $11.00.

Insider Activity

In other news, EVP Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total transaction of $66,060.00. Following the completion of the sale, the executive vice president directly owned 131,742 shares in the company, valued at $966,986.28. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 68.00% of the stock is owned by corporate insiders.

Target Hospitality Company Profile

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.