Quantinno Capital Management LP Takes $258,000 Position in Target Hospitality Corp. (NASDAQ:TH)

Quantinno Capital Management LP purchased a new stake in Target Hospitality Corp. (NASDAQ:TH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,671 shares of the company’s stock, valued at approximately $258,000.

A number of other large investors also recently made changes to their positions in the stock. AlphaQuest LLC increased its position in shares of Target Hospitality by 275.9% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock valued at $44,000 after buying an additional 3,360 shares in the last quarter. Maridea Wealth Management LLC bought a new stake in shares of Target Hospitality in the 4th quarter valued at $103,000. XTX Topco Ltd bought a new position in Target Hospitality during the 4th quarter worth about $113,000. Price T Rowe Associates Inc. MD increased its holdings in 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 purchasing an additional 1,650 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its holdings in 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 purchasing an additional 2,161 shares in the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Price Performance

Shares of NASDAQ TH opened at $7.37 on Tuesday. The stock has a market capitalization of $732.31 million, a price-to-earnings ratio of 8.47, a PEG ratio of 1.81 and a beta of 1.89. The business has a 50-day moving average of $6.76 and a 200-day moving average of $7.95. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.57.

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

Analyst Upgrades and Downgrades

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

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.