71 West Capital Partners acquired a new stake in shares of Target Hospitality Corp. (NASDAQ:TH – Free Report) in the fourth quarter, Holdings Channel reports. The firm acquired 892,322 shares of the company’s stock, valued at approximately $7,147,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rubric Capital Management LP lifted its holdings in Target Hospitality by 9.5% during the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock valued at $15,589,000 after buying an additional 189,456 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Target Hospitality by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock valued at $16,915,000 after buying an additional 600,181 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Target Hospitality by 17.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,176,561 shares of the company’s stock valued at $9,425,000 after buying an additional 171,324 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Target Hospitality by 25.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock valued at $8,913,000 after buying an additional 211,634 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Target Hospitality by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 845,378 shares of the company’s stock valued at $6,020,000 after buying an additional 14,825 shares in the last quarter. Institutional investors own 32.40% of the company’s stock.
Target Hospitality Trading Up 2.8%
NASDAQ TH opened at $18.91 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -42.98 and a beta of 1.47. The company’s 50-day simple moving average is $16.23 and its two-hundred day simple moving average is $10.98. Target Hospitality Corp. has a one year low of $5.97 and a one year high of $19.00.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Target Hospitality in a report on Monday, June 1st. They set a “hold” rating and a $22.00 price objective for the company. Oppenheimer lifted their price objective on shares of Target Hospitality from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Friday, March 27th. Finally, Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.33.
Get Our Latest Stock Report on Target Hospitality
Target Hospitality Company 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.
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