131,458 Shares in Target Hospitality Corp. $TH Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Target Hospitality Corp. (NASDAQ:TH) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 131,458 shares of the company’s stock, valued at approximately $2,676,000.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Target Hospitality in the second quarter worth about $27,000. Deutsche Bank AG lifted its holdings in shares of Target Hospitality by 4.8% during the fourth quarter. Deutsche Bank AG now owns 33,634 shares of the company’s stock valued at $269,000 after purchasing an additional 1,526 shares during the last quarter. AdvisorShares Investments LLC lifted its holdings in shares of 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 boosted its position in shares of Target Hospitality by 88.0% in the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after purchasing an additional 1,873 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after purchasing an additional 2,465 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors.

Target Hospitality Price Performance

Shares of TH opened at $18.55 on Friday. Target Hospitality Corp. has a twelve month low of $5.97 and a twelve month high of $20.85. The company has a market capitalization of $1.85 billion, a P/E ratio of -48.82 and a beta of 1.49. The firm has a 50 day moving average of $17.42 and a 200 day moving average of $14.61. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.11.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%.The business had revenue of $85.45 million for the quarter, compared to analysts’ expectations of $79.30 million. As a group, equities research analysts anticipate that Target Hospitality Corp. will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TH shares. Northland Securities set a $25.00 price objective on Target Hospitality in a research report on Thursday. Weiss Ratings raised Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Oppenheimer raised their price target on Target Hospitality from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $23.00 price target on shares of Target Hospitality in a research report on Thursday. Finally, Morgan Stanley assumed coverage on shares of Target Hospitality in a research note on Monday, August 17th. They issued an “overweight” rating and a $22.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

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.