10,625 Shares in Target Hospitality Corp. (NASDAQ:TH) Purchased by Maridea Wealth Management LLC

Maridea Wealth Management LLC acquired a new stake in Target Hospitality Corp. (NASDAQ:TH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,625 shares of the company’s stock, valued at approximately $103,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Target Hospitality by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company’s stock worth $18,995,000 after acquiring an additional 79,561 shares during the last quarter. Fox Run Management L.L.C. boosted its stake in shares of Target Hospitality by 17.6% in the 4th quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company’s stock valued at $140,000 after purchasing an additional 2,161 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Target Hospitality during the 4th quarter worth about $372,000. American Century Companies Inc. increased its holdings in Target Hospitality by 16.4% in the fourth quarter. American Century Companies Inc. now owns 695,316 shares of the company’s stock worth $6,720,000 after purchasing an additional 98,135 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Target Hospitality in the 4th quarter valued at $2,705,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Stock Performance

NASDAQ TH opened at $6.64 on Friday. The company has a market capitalization of $656.97 million, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. Target Hospitality Corp. has a 52-week low of $4.00 and a 52-week high of $11.84. The company has a 50-day simple moving average of $7.71 and a 200 day simple moving average of $8.35.

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

Analyst Upgrades and Downgrades

TH has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on Target Hospitality from $10.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, February 26th. Northland Capmk upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $11.00 to $15.00 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.