SummerHaven Investment Management LLC Buys 1,207 Shares of Target Hospitality Corp. (NASDAQ:TH)

SummerHaven Investment Management LLC boosted its stake in shares of Target Hospitality Corp. (NASDAQ:TH) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,264 shares of the company’s stock after purchasing an additional 1,207 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Target Hospitality were worth $557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TH. Naples Money Management LLC purchased a new position in Target Hospitality in the fourth quarter worth $32,000. New York State Teachers Retirement System acquired a new stake in shares of Target Hospitality in the 3rd quarter worth $44,000. Denali Advisors LLC purchased a new position in Target Hospitality during the 4th quarter worth $91,000. Arizona State Retirement System acquired a new position in Target Hospitality during the 3rd quarter valued at about $160,000. Finally, AdvisorShares Investments LLC increased its position in Target Hospitality by 25.6% during the 3rd quarter. AdvisorShares Investments LLC now owns 14,701 shares of the company’s stock valued at $233,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $12.00 price target (down previously from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th. Oppenheimer cut their price target on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Finally, TheStreet downgraded shares of Target Hospitality from a “b” rating to a “c+” rating in a research note on Monday, January 22nd.

Target Hospitality Stock Up 1.7 %

Shares of TH stock opened at $11.31 on Tuesday. Target Hospitality Corp. has a fifty-two week low of $8.49 and a fifty-two week high of $16.80. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.34, a P/E/G ratio of 1.16 and a beta of 2.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.57 and a current ratio of 2.57. The stock’s 50-day simple moving average is $10.00 and its 200-day simple moving average is $10.55.

Target Hospitality (NASDAQ:TH) last issued its earnings results on Wednesday, March 13th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The firm had revenue of $126.20 million for the quarter, compared to analyst estimates of $118.00 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Target Hospitality’s revenue for the quarter was down 17.2% on a year-over-year basis. Equities analysts expect that Target Hospitality Corp. will post 0.64 earnings per share for the current 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.