Target Hospitality Corp. $TH Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Target Hospitality Corp. (NASDAQ:TH) by 15.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,081,081 shares of the company’s stock after buying an additional 147,950 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Target Hospitality were worth $10,032,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TH. IFP Advisors Inc boosted its stake in shares of Target Hospitality by 88.0% during the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after acquiring an additional 1,873 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after purchasing an additional 2,465 shares in the last quarter. Tripletail Wealth Management LLC raised its holdings in Target Hospitality by 62.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock worth $93,000 after purchasing an additional 4,460 shares during the last quarter. AdvisorShares Investments LLC raised its holdings in Target Hospitality by 17.9% during the fourth quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock worth $95,000 after purchasing an additional 1,798 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in Target Hospitality during the third quarter worth $95,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Stock Performance

NASDAQ TH opened at $15.20 on Friday. The business’s 50-day moving average price is $17.76 and its 200 day moving average price is $13.27. Target Hospitality Corp. has a twelve month low of $5.97 and a twelve month high of $20.85. The company has a market capitalization of $1.52 billion, a PE ratio of -34.55 and a beta of 1.46. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08.

Target Hospitality (NASDAQ:TH) last released its earnings results on Monday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $72.78 million during the quarter, compared to analyst estimates of $73.20 million. On average, research analysts predict that Target Hospitality Corp. will post -0.19 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Target Hospitality in a report on Monday, June 1st. They issued a “hold” rating and a $22.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 price target (up from $11.00) on shares of Target Hospitality in a research note on Monday, April 6th. Oppenheimer boosted their price objective on shares of Target Hospitality from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings upgraded shares of Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.33.

About Target Hospitality

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.