Kore Advisors LP Buys 100,418 Shares of Target Hospitality Corp. $TH

by · The Cerbat Gem

Kore Advisors LP lifted its stake in shares of Target Hospitality Corp. (NASDAQ:TH – Free Report) by 30.9% during the fourth quarter, Holdings Channel reports. The firm owned 425,213 shares of the company’s stock after purchasing an additional 100,418 shares during the quarter. Target Hospitality makes up approximately 2.5% of Kore Advisors LP’s portfolio, making the stock its 5th largest holding. Kore Advisors LP’s holdings in Target Hospitality were worth $3,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rubric Capital Management LP raised its position in shares of Target Hospitality by 9.5% during the second quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock worth $15,589,000 after purchasing an additional 189,456 shares during the period. Vanguard Group Inc. raised its position in shares of Target Hospitality by 43.0% during the third quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock worth $16,915,000 after purchasing an additional 600,181 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Target Hospitality by 17.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,176,561 shares of the company’s stock worth $9,425,000 after purchasing an additional 171,324 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Target Hospitality by 25.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock worth $8,913,000 after purchasing an additional 211,634 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Target Hospitality by 1.8% during the second quarter. Geode Capital Management LLC now owns 845,378 shares of the company’s stock worth $6,020,000 after purchasing an additional 14,825 shares during the period. 32.40% of the stock is owned by institutional investors and hedge funds.

Target Hospitality Stock Performance

Shares of NASDAQ TH opened at $18.40 on Friday. The business’s 50-day moving average price is $16.13 and its two-hundred day moving average price is $10.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.85 and a quick ratio of 0.85. Target Hospitality Corp. has a one year low of $5.97 and a one year high of $18.93. The company has a market capitalization of $1.84 billion, a P/E ratio of -41.82 and a beta of 1.47.

Target Hospitality (NASDAQ:TH – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Target Hospitality had a negative net margin of 13.47% and a negative return on equity of 11.11%. The firm had revenue of $72.78 million during the quarter, compared to analysts’ expectations of $73.20 million. Analysts anticipate that Target Hospitality Corp. will post -0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Texas Capital raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research report on Friday, March 27th. Wall Street Zen raised Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Oppenheimer upped their price target on Target Hospitality from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Target Hospitality in a research report on Monday, June 1st. They set a “hold” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Target Hospitality currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

Get Our Latest Report on Target Hospitality

Target Hospitality Company Profile

(Free Report)

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.

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