Shay Capital LLC Invests $2.67 Million in Target Hospitality Corp. (NASDAQ:TH)

Shay Capital LLC acquired a new position in Target Hospitality Corp. (NASDAQ:TH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 275,900 shares of the company’s stock, valued at approximately $2,667,000. Shay Capital LLC owned approximately 0.28% of Target Hospitality at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its stake in shares of Target Hospitality by 275.9% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock valued at $44,000 after acquiring an additional 3,360 shares during the period. Maridea Wealth Management LLC acquired a new position in shares of Target Hospitality during the 4th quarter valued at $103,000. XTX Topco Ltd bought a new stake in shares of Target Hospitality in the 4th quarter worth $113,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Target Hospitality by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company’s stock valued at $119,000 after buying an additional 1,650 shares during the period. Finally, Fox Run Management L.L.C. boosted its stake in Target Hospitality by 17.6% during the fourth quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company’s stock valued at $140,000 after buying an additional 2,161 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TH. Stifel Nicolaus lifted their target price on Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a report on Monday, March 31st. Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and increased their target price for the company from $11.00 to $15.00 in a research note on Wednesday, January 29th.

Target Hospitality Stock Up 1.0%

Shares of Target Hospitality stock opened at $6.99 on Friday. Target Hospitality Corp. has a 12-month low of $4.00 and a 12-month high of $11.69. The firm has a market capitalization of $694.55 million, a PE ratio of 8.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.89. The stock’s fifty day moving average is $6.53 and its 200-day moving average is $7.98.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The company had revenue of $83.70 million during the quarter, compared to analysts’ expectations of $80.10 million. During the same period last year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was down 33.7% on a year-over-year basis. Analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current year.

Target Hospitality Profile

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.