Barclays PLC Has $1.07 Million Stock Position in Target Hospitality Corp. (NASDAQ:TH)

Barclays PLC lowered its stake in shares of Target Hospitality Corp. (NASDAQ:TH) by 23.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,852 shares of the company’s stock after selling 24,108 shares during the quarter. Barclays PLC owned about 0.08% of Target Hospitality worth $1,072,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Target Hospitality by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 161,156 shares of the company’s stock worth $2,163,000 after purchasing an additional 8,909 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Target Hospitality by 50.4% in the second quarter. Oppenheimer & Co. Inc. now owns 16,850 shares of the company’s stock valued at $226,000 after acquiring an additional 5,650 shares during the last quarter. Nkcfo LLC bought a new position in Target Hospitality in the second quarter valued at about $336,000. LPL Financial LLC bought a new position in Target Hospitality during the second quarter worth about $413,000. Finally, Strs Ohio boosted its holdings in Target Hospitality by 22.7% during the second quarter. Strs Ohio now owns 20,000 shares of the company’s stock worth $268,000 after buying an additional 3,700 shares during the last quarter. 31.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Eric Kalamaras sold 2,456 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $16.53, for a total value of $40,597.68. Following the transaction, the chief financial officer now owns 30,480 shares in the company, valued at $503,834.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Eric Kalamaras sold 2,456 shares of Target Hospitality stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $16.53, for a total value of $40,597.68. Following the completion of the transaction, the chief financial officer now directly owns 30,480 shares in the company, valued at $503,834.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Troy C. Schrenk sold 4,901 shares of Target Hospitality stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $16.50, for a total value of $80,866.50. Following the completion of the transaction, the insider now owns 31,323 shares of the company’s stock, valued at $516,829.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,185 shares of company stock valued at $1,290,445. Company insiders own 68.20% of the company’s stock.

Target Hospitality Stock Up 5.3 %

NASDAQ:TH opened at $11.53 on Monday. Target Hospitality Corp. has a twelve month low of $10.74 and a twelve month high of $18.48. The stock’s 50 day moving average price is $14.24 and its two-hundred day moving average price is $14.19. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 0.46 and a beta of 2.16.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Target Hospitality had a return on equity of 63.16% and a net margin of 28.39%. The company had revenue of $145.60 million during the quarter, compared to analysts’ expectations of $140.77 million. During the same quarter in the previous year, the firm earned $0.41 EPS. Target Hospitality’s revenue was down 8.8% on a year-over-year basis. As a group, analysts anticipate that Target Hospitality Corp. will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

Separately, Oppenheimer raised their price target on Target Hospitality from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 3rd.

Target Hospitality Profile

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through four segments: Hospitality & Facilities Services – South, Hospitality & Facilities Services – Midwest, Government, and TCPL Keystone. It owns a network of specialty rental accommodation units.