Target Hospitality Corp. $TH Shares Bought by Kore Advisors LP

Kore Advisors LP grew its holdings in shares of Target Hospitality Corp. (NASDAQ:TH) by 30.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 425,213 shares of the company’s stock after acquiring an additional 100,418 shares during the quarter. Target Hospitality comprises approximately 2.5% of Kore Advisors LP’s holdings, making the stock its 5th largest position. Kore Advisors LP owned approximately 0.43% of Target Hospitality worth $3,406,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TH. Vanguard Group Inc. boosted its position in Target Hospitality by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock worth $16,915,000 after acquiring an additional 600,181 shares during the period. Royce & Associates LP acquired a new position in Target Hospitality during the 4th quarter worth $2,801,000. Arrowstreet Capital Limited Partnership boosted its position in Target Hospitality by 25.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock worth $8,913,000 after acquiring an additional 211,634 shares during the period. Rubric Capital Management LP boosted its position in Target Hospitality by 9.5% during the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock worth $15,589,000 after acquiring an additional 189,456 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Target Hospitality by 17.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,176,561 shares of the company’s stock worth $9,425,000 after acquiring an additional 171,324 shares during the period. Institutional investors and hedge funds own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TH shares. Stifel Nicolaus reiterated a “buy” rating and set a $15.00 price target (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Wall Street Zen raised Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Target Hospitality in a research note on Monday, June 1st. They issued a “hold” rating and a $22.00 price objective on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research note on Friday, March 27th. Finally, Oppenheimer boosted their price objective on Target Hospitality from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Target Hospitality Stock Up 4.1%

TH opened at $18.40 on Friday. Target Hospitality Corp. has a one year low of $5.97 and a one year high of $18.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $16.13 and its 200-day moving average is $10.87. The company has a market capitalization of $1.84 billion, a PE ratio of -41.82 and a beta of 1.47.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Target Hospitality had a negative return on equity of 11.11% and a negative net margin of 13.47%.The firm had revenue of $72.78 million during the quarter, compared to the consensus estimate of $73.20 million. On average, equities analysts predict that Target Hospitality Corp. will post -0.19 EPS for the current fiscal year.

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.