Tudor Investment Corp ET AL Raises Position in Target Hospitality Corp. $TH

Tudor Investment Corp ET AL lifted its holdings in shares of Target Hospitality Corp. (NASDAQ:TH) by 29.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 291,903 shares of the company’s stock after acquiring an additional 66,322 shares during the period. Tudor Investment Corp ET AL’s holdings in Target Hospitality were worth $2,475,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TH. IFP Advisors Inc lifted its position in Target Hospitality by 88.0% during the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after buying an additional 1,873 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Target Hospitality by 121.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after acquiring an additional 2,465 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Target Hospitality during the 3rd quarter worth about $44,000. Tripletail Wealth Management LLC acquired a new stake in shares of Target Hospitality in the third quarter worth approximately $55,000. Finally, FourThought Financial Partners LLC purchased a new stake in Target Hospitality in the third quarter valued at approximately $95,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TH has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a research note on Monday, December 29th. Oppenheimer raised Target Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 target price on the stock in a research report on Tuesday, March 17th. Texas Capital upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Wall Street Zen downgraded Target Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Finally, Stifel Nicolaus set a $11.00 price target on Target Hospitality in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Target Hospitality Trading Down 0.8%

Shares of TH stock opened at $9.61 on Friday. The company has a market cap of $962.44 million, a PE ratio of -25.29 and a beta of 1.36. The company’s fifty day simple moving average is $7.84 and its 200-day simple moving average is $7.85. Target Hospitality Corp. has a 52 week low of $5.97 and a 52 week high of $9.90.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%.The business had revenue of $89.78 million for the quarter, compared to analysts’ expectations of $85.20 million. Equities research analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Target Hospitality

In other news, EVP Heidi Diane Lewis sold 9,000 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $7.34, for a total value of $66,060.00. Following the completion of the sale, the executive vice president owned 131,742 shares in the company, valued at approximately $966,986.28. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 68.00% of the stock is owned by insiders.

Target Hospitality Profile

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.