Target Hospitality Corp. $TH Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in Target Hospitality Corp. (NASDAQ:THFree Report) by 4.5% during the first quarter, HoldingsChannel.com reports. The fund owned 951,302 shares of the company’s stock after acquiring an additional 40,878 shares during the period. Renaissance Technologies LLC’s holdings in Target Hospitality were worth $8,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in shares of Target Hospitality by 15.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company’s stock worth $10,032,000 after purchasing an additional 147,950 shares during the period. Kore Advisors LP lifted its holdings in shares of Target Hospitality by 9.6% in the 1st quarter. Kore Advisors LP now owns 466,055 shares of the company’s stock worth $4,325,000 after purchasing an additional 40,842 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Target Hospitality by 21.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock valued at $13,259,000 after purchasing an additional 252,212 shares during the period. Bleakley Financial Group LLC acquired a new position in Target Hospitality during the 1st quarter valued at approximately $232,000. Finally, Equitable Trust Co. grew its stake in Target Hospitality by 18.6% during the 1st quarter. Equitable Trust Co. now owns 123,827 shares of the company’s stock worth $1,149,000 after buying an additional 19,461 shares during the last quarter. 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 several analyst reports. Weiss Ratings raised Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Oppenheimer upped their price target on shares of Target Hospitality from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Target Hospitality in a research report on Monday, June 1st. They issued a “hold” rating and a $22.00 price objective on the stock. One 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, Target Hospitality has a consensus rating of “Moderate Buy” and an average price target of $20.33.

Read Our Latest Stock Analysis on Target Hospitality

Target Hospitality Price Performance

Shares of Target Hospitality stock opened at $15.20 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.85 and a quick ratio of 0.85. Target Hospitality Corp. has a 1-year low of $5.97 and a 1-year high of $20.85. The business’s fifty day moving average price is $17.76 and its two-hundred day moving average price is $13.30. The company has a market capitalization of $1.52 billion, a P/E ratio of -34.55 and a beta of 1.50.

Target Hospitality (NASDAQ:THGet Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Target Hospitality had a negative return on equity of 11.11% and a negative net margin of 13.47%.The business had revenue of $72.78 million during the quarter, compared to the consensus estimate of $73.20 million. As a group, research analysts forecast that Target Hospitality Corp. will post -0.19 EPS for the current year.

Target Hospitality Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Target Hospitality (NASDAQ:TH)

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