Northern Trust Corp Boosts Holdings in Target Hospitality Corp. (NASDAQ:TH)

Northern Trust Corp increased its holdings in Target Hospitality Corp. (NASDAQ:TH) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,103 shares of the company’s stock after purchasing an additional 15,155 shares during the period. Northern Trust Corp owned 0.34% of Target Hospitality worth $3,248,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Target Hospitality by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company’s stock worth $119,000 after acquiring an additional 1,650 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Target Hospitality by 17.6% during the 4th quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company’s stock worth $140,000 after acquiring an additional 2,161 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Target Hospitality by 16.3% during the 4th quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock worth $156,000 after acquiring an additional 2,262 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Target Hospitality by 275.9% during the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock worth $44,000 after acquiring an additional 3,360 shares in the last quarter. Finally, Aviva PLC raised its holdings in shares of Target Hospitality by 6.7% during the 4th quarter. Aviva PLC now owns 70,708 shares of the company’s stock worth $683,000 after acquiring an additional 4,415 shares in the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen cut Target Hospitality from a “hold” rating to a “sell” rating in a report on Saturday. Northland Capmk raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their price target on Target Hospitality from $5.00 to $7.50 and gave the company a “hold” rating in a report on Monday, March 31st. Finally, Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and increased their price target for the company from $11.00 to $15.00 in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Target Hospitality currently has an average rating of “Hold” and an average price target of $11.25.

Target Hospitality Stock Performance

NASDAQ:TH opened at $7.37 on Friday. The stock’s fifty day moving average is $6.73 and its 200 day moving average is $7.97. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.57. The firm has a market capitalization of $732.31 million, a PE ratio of 8.47, a PEG ratio of 1.81 and a beta of 1.89.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings results on Monday, May 19th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The company had revenue of $69.90 million for the quarter, compared to analysts’ expectations of $65.37 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s quarterly revenue was down 34.5% on a year-over-year basis. Equities analysts forecast that Target Hospitality Corp. will post 0.65 EPS for the current 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.