Maridea Wealth Management LLC Buys Shares of 10,625 Target Hospitality Corp. (NASDAQ:TH)

Maridea Wealth Management LLC bought a new position in shares of Target Hospitality Corp. (NASDAQ:TH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,625 shares of the company’s stock, valued at approximately $103,000.

Several other hedge funds also recently made changes to their positions in TH. AlphaQuest LLC grew its holdings in Target Hospitality by 275.9% during the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock valued at $44,000 after buying an additional 3,360 shares in the last quarter. Intech Investment Management LLC bought a new stake in Target Hospitality during the 3rd quarter worth approximately $87,000. Fox Run Management L.L.C. lifted its stake in Target Hospitality by 17.6% in the 4th quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company’s stock worth $140,000 after purchasing an additional 2,161 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Target Hospitality by 16.3% in the 4th quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock valued at $156,000 after purchasing an additional 2,262 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Target Hospitality by 48.5% during the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock valued at $292,000 after purchasing an additional 12,242 shares in the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Trading Down 1.2 %

Shares of Target Hospitality stock opened at $6.64 on Friday. The business’s 50-day moving average price is $7.71 and its 200-day moving average price is $8.35. The firm has a market capitalization of $656.97 million, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. Target Hospitality Corp. has a 12 month low of $4.00 and a 12 month high of $11.84.

Target Hospitality (NASDAQ:TH) last posted its quarterly 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 firm had revenue of $83.70 million for the quarter, compared to the consensus estimate of $80.10 million. During the same period last year, the firm posted $0.29 earnings per share. The business’s revenue was down 33.7% compared to the same quarter last year. As a group, analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stifel Nicolaus dropped their price objective on Target Hospitality from $10.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, February 26th. Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $11.00 to $15.00 in a research report on Wednesday, January 29th. Finally, Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th.

About Target Hospitality

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.