XTX Topco Ltd Takes Position in Target Hospitality Corp. (NASDAQ:TH)

XTX Topco Ltd bought a new stake in shares of Target Hospitality Corp. (NASDAQ:TH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,716 shares of the company’s stock, valued at approximately $113,000.

Several other hedge funds have also recently made changes to their positions in TH. Renaissance Technologies LLC grew its holdings in Target Hospitality by 1.8% during the 4th quarter. Renaissance Technologies LLC now owns 870,124 shares of the company’s stock valued at $8,410,000 after purchasing an additional 14,992 shares during the last quarter. Aviva PLC grew its holdings in Target Hospitality by 6.7% during the 4th quarter. Aviva PLC now owns 70,708 shares of the company’s stock valued at $683,000 after purchasing an additional 4,415 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Target Hospitality by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,394 shares of the company’s stock valued at $149,000 after purchasing an additional 5,246 shares during the last quarter. Rangeley Capital LLC bought a new position in Target Hospitality during the 4th quarter valued at about $1,395,000. Finally, Geode Capital Management LLC grew its holdings in Target Hospitality by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 861,693 shares of the company’s stock valued at $8,330,000 after purchasing an additional 6,624 shares during the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Price Performance

Shares of NASDAQ:TH opened at $6.67 on Wednesday. The business’s 50-day moving average is $6.26 and its 200 day moving average is $8.03. The firm has a market capitalization of $662.76 million, a P/E ratio of 7.67, a P/E/G ratio of 1.81 and a beta of 1.70. Target Hospitality Corp. has a 1 year low of $4.00 and a 1 year high of $11.84.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $80.10 million. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The company’s revenue was down 33.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share. On average, analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TH. Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and upped their price target for the company from $11.00 to $15.00 in a report on Wednesday, January 29th. Northland Capmk upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus lifted their target price on Target Hospitality from $5.00 to $7.50 and gave the company a “hold” rating in a research report on Monday, March 31st.

Target Hospitality 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.