Shay Capital LLC Takes $2.67 Million Position in Target Hospitality Corp. (NASDAQ:TH)

Shay Capital LLC acquired a new position in Target Hospitality Corp. (NASDAQ:TH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 275,900 shares of the company’s stock, valued at approximately $2,667,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its stake 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. Charles Schwab Investment Management Inc. boosted its position in Target Hospitality by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company’s stock worth $2,683,000 after purchasing an additional 5,967 shares during the period. Victory Capital Management Inc. boosted its position in Target Hospitality by 18.4% during the fourth quarter. Victory Capital Management Inc. now owns 44,389 shares of the company’s stock worth $429,000 after purchasing an additional 6,885 shares during the period. AlphaQuest LLC grew its holdings in 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 purchasing an additional 3,360 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Target Hospitality in the fourth quarter valued at approximately $401,000. Institutional investors own 32.40% of the company’s stock.

Analysts Set New Price Targets

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

Target Hospitality Stock Up 1.0%

Shares of TH stock opened at $6.99 on Friday. Target Hospitality Corp. has a 12 month low of $4.00 and a 12 month high of $11.69. The firm has a market cap of $694.55 million, a PE ratio of 8.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.89. The stock has a 50 day moving average of $6.53 and a 200-day moving average of $7.98.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Wednesday, March 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $80.10 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Target Hospitality’s revenue was down 33.7% compared to the same quarter last year. As a group, equities analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

About Target Hospitality

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.