Exchange Traded Concepts LLC Increases Stock Holdings in Target Hospitality Corp. (NASDAQ:TH)

Exchange Traded Concepts LLC lifted its position in Target Hospitality Corp. (NASDAQ:TH) by 37.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,942 shares of the company’s stock after buying an additional 11,536 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Target Hospitality were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SummerHaven Investment Management LLC increased its stake in Target Hospitality by 1.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 89,337 shares of the company’s stock worth $588,000 after acquiring an additional 1,493 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Target Hospitality by 28.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,089 shares of the company’s stock worth $977,000 after acquiring an additional 22,355 shares during the last quarter. Two Sigma Advisers LP bought a new position in Target Hospitality in the 4th quarter worth about $105,000. Two Sigma Investments LP increased its stake in Target Hospitality by 280.0% in the 4th quarter. Two Sigma Investments LP now owns 129,161 shares of the company’s stock worth $1,248,000 after acquiring an additional 95,167 shares during the last quarter. Finally, Shay Capital LLC bought a new position in Target Hospitality in the 4th quarter worth about $2,667,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Stock Performance

Shares of TH stock opened at $7.08 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $6.97 and a two-hundred day moving average price of $7.75. Target Hospitality Corp. has a 12-month low of $4.00 and a 12-month high of $11.10. The firm has a market cap of $703.47 million, a P/E ratio of 16.47 and a beta of 1.85.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings results on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Target Hospitality had a return on equity of 11.34% and a net margin of 12.71%. The firm had revenue of $69.90 million for the quarter, compared to the consensus estimate of $65.37 million. During the same period last year, the firm earned $0.20 EPS. The company’s revenue for the quarter was down 34.5% on a year-over-year basis. Equities analysts anticipate that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th. Stifel Nicolaus upped their target price on Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a research note on Monday, March 31st. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.