Target Hospitality Corp. (NASDAQ:TH) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Target Hospitality Corp. (NASDAQ:TH) by 28.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,089 shares of the company’s stock after acquiring an additional 22,355 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of Target Hospitality worth $977,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Conversant Capital LLC grew its stake in shares of Target Hospitality by 2.1% during the 4th quarter. Conversant Capital LLC now owns 4,889,046 shares of the company’s stock worth $47,253,000 after purchasing an additional 100,000 shares during the period. Vanguard Group Inc. grew its stake in shares of Target Hospitality by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company’s stock worth $18,995,000 after purchasing an additional 79,561 shares during the period. Empyrean Capital Partners LP purchased a new stake in shares of Target Hospitality in the 4th quarter worth about $9,781,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Target Hospitality by 32.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock worth $9,749,000 after buying an additional 245,252 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Target Hospitality by 1.8% in the 4th quarter. Renaissance Technologies LLC now owns 870,124 shares of the company’s stock worth $8,410,000 after buying an additional 14,992 shares in the last quarter. 32.40% of the stock is owned by institutional investors and hedge funds.

Target Hospitality Trading Up 0.7%

Target Hospitality stock opened at $6.99 on Wednesday. The stock has a 50 day moving average of $6.92 and a 200-day moving average of $7.82. Target Hospitality Corp. has a 52 week low of $4.00 and a 52 week high of $11.10. The stock has a market cap of $694.56 million, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.85.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $65.37 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business’s quarterly revenue was down 34.5% compared to the same quarter last year. As a group, equities analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TH has been the topic of several recent research reports. Wall Street Zen lowered shares of Target Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Stifel Nicolaus boosted their price objective on shares of Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Target Hospitality currently has a consensus 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.