Target Hospitality Corp. $TH Position Trimmed by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC decreased its holdings in shares of Target Hospitality Corp. (NASDAQ:TH) by 40.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,260 shares of the company’s stock after selling 31,456 shares during the period. Crestmont Private Wealth LLC’s holdings in Target Hospitality were worth $371,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. AdvisorShares Investments LLC increased its stake in Target Hospitality by 17.9% during the fourth quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock valued at $95,000 after purchasing an additional 1,798 shares during the last quarter. IFP Advisors Inc increased its stake in Target Hospitality by 88.0% during the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after purchasing an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Target Hospitality by 121.5% during the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after purchasing an additional 2,465 shares during the last quarter. Rhumbline Advisers increased its stake in Target Hospitality by 6.2% during the second quarter. Rhumbline Advisers now owns 50,373 shares of the company’s stock valued at $359,000 after purchasing an additional 2,947 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Target Hospitality by 8.6% during the second quarter. Invesco Ltd. now owns 54,391 shares of the company’s stock valued at $387,000 after purchasing an additional 4,317 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TH. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Target Hospitality in a research note on Monday. They set a “hold” rating and a $22.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $15.00 price target (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, Oppenheimer upped their price target on shares of Target Hospitality from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

Target Hospitality Stock Performance

Shares of TH opened at $17.17 on Tuesday. The firm has a 50-day moving average price of $14.82 and a 200 day moving average price of $10.24. The firm has a market capitalization of $1.72 billion, a PE ratio of -39.02 and a beta of 1.47. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.08. Target Hospitality Corp. has a 52-week low of $5.97 and a 52-week high of $18.93.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Monday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The company had revenue of $72.78 million during the quarter, compared to the consensus estimate of $73.20 million. Target Hospitality had a negative net margin of 13.47% and a negative return on equity of 11.11%. On average, sell-side analysts anticipate that Target Hospitality Corp. will post -0.18 earnings per share for the current fiscal year.

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.