Strs Ohio Grows Holdings in Target Hospitality Corp. (NASDAQ:TH)

Strs Ohio increased its position in shares of Target Hospitality Corp. (NASDAQ:TH) by 90.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,100 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Strs Ohio’s holdings in Target Hospitality were worth $409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in Target Hospitality during the third quarter worth about $44,000. Denali Advisors LLC bought a new stake in Target Hospitality in the fourth quarter worth about $91,000. Arizona State Retirement System bought a new stake in Target Hospitality in the third quarter worth about $160,000. AdvisorShares Investments LLC raised its position in Target Hospitality by 25.6% in the third quarter. AdvisorShares Investments LLC now owns 14,701 shares of the company’s stock worth $233,000 after acquiring an additional 3,000 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Target Hospitality in the third quarter worth about $244,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Stock Performance

NASDAQ TH opened at $11.12 on Monday. The company’s 50 day moving average is $9.97 and its 200-day moving average is $10.58. Target Hospitality Corp. has a 12-month low of $8.49 and a 12-month high of $16.80. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.12 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.16 and a beta of 2.09.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The company had revenue of $126.20 million for the quarter, compared to analyst estimates of $118.00 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was down 17.2% compared to the same quarter last year. Sell-side analysts predict that Target Hospitality Corp. will post 0.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on TH shares. TheStreet lowered shares of Target Hospitality from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. Oppenheimer lowered their price objective on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Target Hospitality in a research report on Friday, April 12th.

Target Hospitality Company Profile

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.