Target Hospitality Corp. (NASDAQ:TH) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its holdings in shares of Target Hospitality Corp. (NASDAQ:TH) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,318 shares of the company’s stock after purchasing an additional 1,650 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Target Hospitality were worth $119,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TH. SG Americas Securities LLC increased its position in shares of Target Hospitality by 16.3% during the fourth quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock worth $156,000 after purchasing an additional 2,262 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Target Hospitality by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company’s stock valued at $2,683,000 after buying an additional 5,967 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Target Hospitality by 18.4% during the fourth quarter. Victory Capital Management Inc. now owns 44,389 shares of the company’s stock valued at $429,000 after buying an additional 6,885 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Target Hospitality by 275.9% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock valued at $44,000 after buying an additional 3,360 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Target Hospitality during the fourth quarter valued at $401,000. 32.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on TH. Northland Securities raised 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. Stifel Nicolaus upped their price target on shares of Target Hospitality from $5.00 to $7.50 and gave the company a “hold” rating in a report on Monday, March 31st. Finally, Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

Target Hospitality Stock Performance

NASDAQ:TH opened at $7.10 on Friday. Target Hospitality Corp. has a one year low of $4.00 and a one year high of $11.57. The firm has a market cap of $705.48 million, a price-to-earnings ratio of 8.16, a PEG ratio of 1.81 and a beta of 1.89. The firm’s fifty day moving average is $6.56 and its two-hundred day moving average is $7.98.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $80.10 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was down 33.7% on a year-over-year basis. As a group, equities research analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

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.