Royce & Associates LP Purchases Shares of 349,723 Target Hospitality Corp. $TH

Royce & Associates LP acquired a new position in shares of Target Hospitality Corp. (NASDAQ:TH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 349,723 shares of the company’s stock, valued at approximately $2,801,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Target Hospitality by 43.0% in the third 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 lifted its position in Target Hospitality by 25.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock worth $8,913,000 after purchasing an additional 211,634 shares during the period. Rubric Capital Management LP boosted its stake in Target Hospitality by 9.5% during the second quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock worth $15,589,000 after buying an additional 189,456 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Target Hospitality by 104.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock valued at $1,844,000 after buying an additional 143,505 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Target Hospitality by 16.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,005,237 shares of the company’s stock valued at $8,526,000 after buying an additional 142,159 shares during the period. 32.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on TH shares. Stifel Nicolaus reaffirmed 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. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research note on Friday, March 27th. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Oppenheimer raised their price target on shares of Target Hospitality from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Texas Capital raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Target Hospitality Trading Up 0.8%

TH stock opened at $17.36 on Friday. Target Hospitality Corp. has a 1-year low of $5.97 and a 1-year high of $18.93. The firm has a market cap of $1.74 billion, a P/E ratio of -39.45 and a beta of 1.43. The business’s 50 day moving average is $14.66 and its 200-day moving average is $10.14. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08.

Target Hospitality (NASDAQ:TH) last issued its earnings results on Monday, May 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Target Hospitality had a negative net margin of 13.47% and a negative return on equity of 11.11%. The firm had revenue of $72.78 million during the quarter, compared to analyst estimates of $73.20 million. Equities analysts anticipate that Target Hospitality Corp. will post -0.18 earnings per share for the current fiscal year.

About Target Hospitality

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.