Geode Capital Management LLC Raises Stock Position in Target Hospitality Corp. (NASDAQ:TH)

Geode Capital Management LLC lifted its position in shares of Target Hospitality Corp. (NASDAQ:TH) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 861,693 shares of the company’s stock after acquiring an additional 6,624 shares during the quarter. Geode Capital Management LLC owned 0.87% of Target Hospitality worth $8,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Target Hospitality by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company’s stock valued at $18,995,000 after purchasing an additional 79,561 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Target Hospitality by 32.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock valued at $9,749,000 after buying an additional 245,252 shares in the last quarter. State Street Corp grew its holdings in Target Hospitality by 1.7% during the 3rd quarter. State Street Corp now owns 725,905 shares of the company’s stock valued at $5,648,000 after buying an additional 12,087 shares during the last quarter. American Century Companies Inc. grew its holdings in Target Hospitality by 16.4% during the 4th quarter. American Century Companies Inc. now owns 695,316 shares of the company’s stock valued at $6,720,000 after buying an additional 98,135 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Target Hospitality during the fourth quarter worth $2,705,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Northland Securities raised Target Hospitality from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $11.00 to $15.00 in a research note on Wednesday, January 29th. Stifel Nicolaus raised their price target on shares of Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a research note on Monday, March 31st. Finally, Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th.

Target Hospitality Trading Down 2.9 %

Target Hospitality stock opened at $6.42 on Thursday. The stock has a fifty day moving average price of $6.52 and a 200 day moving average price of $8.06. Target Hospitality Corp. has a 52 week low of $4.00 and a 52 week high of $11.84. The firm has a market capitalization of $637.92 million, a P/E ratio of 7.38, a PEG ratio of 1.81 and a beta of 1.70.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The company had revenue of $83.70 million during the quarter, compared to the consensus estimate of $80.10 million. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s quarterly revenue was down 33.7% compared to the same quarter last year. As a group, equities analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current year.

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.