American International Group Inc. Has $202,000 Stock Holdings in Target Hospitality Corp. (NASDAQ:TH)

American International Group Inc. lifted its holdings in Target Hospitality Corp. (NASDAQ:TH) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,051 shares of the company’s stock after purchasing an additional 940 shares during the quarter. American International Group Inc.’s holdings in Target Hospitality were worth $202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB lifted its stake in Target Hospitality by 144.3% in the 2nd quarter. Nordea Investment Management AB now owns 178,999 shares of the company’s stock valued at $2,390,000 after acquiring an additional 105,734 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Target Hospitality in the 2nd quarter valued at approximately $1,286,000. Oppenheimer & Co. Inc. lifted its stake in Target Hospitality by 50.4% in the 2nd 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 in the last quarter. Yorktown Management & Research Co Inc bought a new stake in Target Hospitality in the 2nd quarter valued at approximately $403,000. Finally, Los Angeles Capital Management LLC lifted its stake in Target Hospitality by 148.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 34,036 shares of the company’s stock valued at $457,000 after acquiring an additional 20,349 shares in the last quarter. 31.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Target Hospitality news, CFO Eric Kalamaras sold 2,456 shares of the company’s 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 transaction, the chief financial officer now directly owns 30,480 shares of the company’s stock, valued at approximately $503,834.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Target Hospitality news, insider Troy C. Schrenk sold 30,277 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $15.55, for a total value of $470,807.35. Following the transaction, the insider now directly owns 58,245 shares of the company’s stock, valued at approximately $905,709.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Eric Kalamaras sold 2,456 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 82,185 shares of company stock valued at $1,290,445. 68.20% of the stock is owned by insiders.

Target Hospitality Stock Down 0.5 %

Shares of Target Hospitality stock opened at $11.47 on Tuesday. The stock has a market cap of $1.17 billion, a P/E ratio of 7.35, a P/E/G ratio of 0.46 and a beta of 2.16. Target Hospitality Corp. has a 12-month low of $10.74 and a 12-month high of $18.48. The business’s 50 day moving average is $14.16 and its 200-day moving average is $14.18.

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

About Target Hospitality

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.