Capelight Capital Asset Management LP Makes New Investment in Target Hospitality Corp. $TH

Capelight Capital Asset Management LP bought a new position in shares of Target Hospitality Corp. (NASDAQ:TH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 60,000 shares of the company’s stock, valued at approximately $481,000. Capelight Capital Asset Management LP owned about 0.06% of Target Hospitality as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc grew its stake in shares of Target Hospitality by 88.0% in the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after purchasing an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Target Hospitality by 121.5% in the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after purchasing an additional 2,465 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Target Hospitality in the third quarter worth $44,000. Tripletail Wealth Management LLC bought a new stake in shares of Target Hospitality in the third quarter worth $55,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Target Hospitality in the third quarter worth $95,000. Institutional investors own 32.40% of the company’s stock.

Insider Activity

In related news, EVP Heidi Diane Lewis sold 9,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total transaction of $66,060.00. Following the transaction, the executive vice president owned 131,742 shares in the company, valued at $966,986.28. The trade was a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 68.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Target Hospitality Price Performance

NASDAQ TH opened at $14.53 on Wednesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of -38.24 and a beta of 1.12. The business has a 50 day simple moving average of $9.29 and a 200 day simple moving average of $8.21. Target Hospitality Corp. has a one year low of $5.97 and a one year high of $15.10.

Target Hospitality (NASDAQ:TH) last issued its quarterly 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 business had revenue of $89.78 million during the quarter, compared to analyst estimates of $85.20 million. Target Hospitality had a negative net margin of 11.58% and a negative return on equity of 8.65%. Equities analysts expect that Target Hospitality Corp. will post 0.65 earnings per share for the current 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.