Denali Advisors LLC Takes Position in Target Hospitality Corp. (NASDAQ:TH)

Denali Advisors LLC bought a new stake in Target Hospitality Corp. (NASDAQ:THFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,400 shares of the company’s stock, valued at approximately $91,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Great West Life Assurance Co. Can increased its stake in Target Hospitality by 110.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 1,910 shares of the company’s stock worth $26,000 after buying an additional 1,001 shares during the period. Point72 Asset Management L.P. purchased a new position in Target Hospitality in the 2nd quarter worth about $29,000. FMR LLC increased its stake in Target Hospitality by 161.2% in the 3rd quarter. FMR LLC now owns 2,406 shares of the company’s stock worth $38,000 after buying an additional 1,485 shares during the period. Quarry LP purchased a new position in Target Hospitality in the 1st quarter worth about $41,000. Finally, New York State Teachers Retirement System purchased a new position in Target Hospitality in the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Analysts Set New Price Targets

TH has been the topic of several recent analyst reports. Oppenheimer reduced their price target on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. TheStreet cut shares of Target Hospitality from a “b” rating to a “c+” rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $13.00 target price on shares of Target Hospitality in a report on Tuesday, March 26th.

Get Our Latest Research Report on Target Hospitality

Target Hospitality Stock Down 0.8 %

Shares of Target Hospitality stock opened at $10.87 on Monday. Target Hospitality Corp. has a 1 year low of $8.49 and a 1 year high of $16.80. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 1.14 and a beta of 2.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.57 and a quick ratio of 2.57. The firm’s 50-day moving average is $9.43 and its two-hundred day moving average is $11.18.

Target Hospitality (NASDAQ:THGet Free Report) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The business had revenue of $126.20 million for the quarter, compared to analysts’ expectations of $118.00 million. During the same period last year, the business earned $0.31 EPS. The company’s revenue was down 17.2% compared to the same quarter last year. As a group, research analysts expect that Target Hospitality Corp. will post 0.64 earnings per share for the current fiscal year.

Target Hospitality Company Profile

(Free Report)

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.

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Institutional Ownership by Quarter for Target Hospitality (NASDAQ:TH)

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