Pekin Hardy Strauss Inc. Buys Shares of 64,500 Target Hospitality Corp. $TH

Pekin Hardy Strauss Inc. bought a new stake in Target Hospitality Corp. (NASDAQ:TH) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 64,500 shares of the company’s stock, valued at approximately $517,000.

A number of other large investors have also recently modified their holdings of TH. Vanguard Group Inc. boosted its holdings in shares of Target Hospitality by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock valued at $16,915,000 after purchasing an additional 600,181 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 acquiring an additional 211,634 shares in the last quarter. Rubric Capital Management LP boosted its holdings in shares of 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 acquiring an additional 189,456 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Target Hospitality by 104.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock valued at $1,844,000 after acquiring an additional 143,505 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Target Hospitality by 16.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,005,237 shares of the company’s stock valued at $8,526,000 after acquiring an additional 142,159 shares in the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TH shares. Oppenheimer raised their price objective on Target Hospitality from $11.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. Texas Capital raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a report on Friday, March 27th. Wall Street Zen raised Target Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Target Hospitality presently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Target Hospitality Stock Up 2.5%

Shares of NASDAQ:TH opened at $14.54 on Friday. The firm has a market cap of $1.46 billion, a P/E ratio of -38.26 and a beta of 1.12. Target Hospitality Corp. has a 12-month low of $5.97 and a 12-month high of $16.12. The business has a fifty day simple moving average of $11.08 and a 200 day simple moving average of $8.77.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Wednesday, March 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The company had revenue of $89.78 million for the quarter, compared to the consensus estimate of $85.20 million. Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%. As a group, equities research analysts expect that Target Hospitality Corp. will post -0.18 EPS for the current year.

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.