Rangeley Capital LLC Invests $1.40 Million in Target Hospitality Corp. (NASDAQ:TH)

Rangeley Capital LLC purchased a new stake in Target Hospitality Corp. (NASDAQ:TH) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 144,300 shares of the company’s stock, valued at approximately $1,395,000. Target Hospitality comprises 1.3% of Rangeley Capital LLC’s portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. boosted its holdings 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 worth $140,000 after buying an additional 2,161 shares during the last quarter. SG Americas Securities LLC increased its stake in Target Hospitality by 16.3% in the fourth 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 in the last quarter. AlphaQuest LLC raised its holdings in Target Hospitality by 275.9% in the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock worth $44,000 after purchasing an additional 3,360 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Target Hospitality by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company’s stock worth $2,683,000 after buying an additional 5,967 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Target Hospitality by 11.1% during the third quarter. Janus Henderson Group PLC now owns 60,585 shares of the company’s stock worth $471,000 after acquiring an additional 6,062 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Price Performance

TH stock opened at $6.87 on Thursday. The stock has a market capitalization of $679.72 million, a P/E ratio of 7.90, a P/E/G ratio of 1.81 and a beta of 2.15. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.84. The business has a 50-day moving average of $7.49 and a 200-day moving average of $8.29.

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

Analysts Set New Price Targets

TH has been the subject of several recent analyst reports. Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th. Stifel Nicolaus increased their target price on Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a research note on Monday. 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.

Target Hospitality Company 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.