SummerHaven Investment Management LLC Has $588,000 Stock Holdings in Target Hospitality Corp. (NASDAQ:TH)

SummerHaven Investment Management LLC boosted its position in Target Hospitality Corp. (NASDAQ:TH) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,337 shares of the company’s stock after acquiring an additional 1,493 shares during the period. SummerHaven Investment Management LLC owned 0.09% of Target Hospitality worth $588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Target Hospitality by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company’s stock valued at $2,683,000 after purchasing an additional 5,967 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Target Hospitality by 18.4% in the fourth quarter. Victory Capital Management Inc. now owns 44,389 shares of the company’s stock valued at $429,000 after buying an additional 6,885 shares during the period. AlphaQuest LLC boosted its stake in Target Hospitality by 275.9% in the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock valued at $44,000 after acquiring an additional 3,360 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Target Hospitality during the 4th quarter worth $401,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Target Hospitality during the 4th quarter valued at $2,705,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Stock Performance

TH opened at $6.83 on Friday. The firm’s fifty day moving average is $6.93 and its two-hundred day moving average is $7.80. The firm has a market cap of $678.66 million, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.81 and a beta of 1.85. Target Hospitality Corp. has a twelve month low of $4.00 and a twelve month high of $11.10.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings data on Monday, May 19th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $69.90 million during the quarter, compared to the consensus estimate of $65.37 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. Target Hospitality’s quarterly revenue was down 34.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. Equities analysts forecast that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen lowered Target Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Stifel Nicolaus raised their target price on Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a report on Monday, March 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.25.

Target Hospitality 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.