KLP Kapitalforvaltning AS Invests $372,000 in Target Hospitality Corp. (NASDAQ:TH)

KLP Kapitalforvaltning AS purchased a new position in Target Hospitality Corp. (NASDAQ:TH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,500 shares of the company's stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in Target Hospitality by 10.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company's stock valued at $11,408,000 after buying an additional 134,966 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Target Hospitality by 9.3% in the third quarter. Geode Capital Management LLC now owns 855,069 shares of the company's stock valued at $6,654,000 after purchasing an additional 72,579 shares during the period. State Street Corp grew its stake in Target Hospitality by 1.7% in the third quarter. State Street Corp now owns 725,905 shares of the company's stock worth $5,648,000 after purchasing an additional 12,087 shares in the last quarter. American Century Companies Inc. increased its holdings in Target Hospitality by 16.4% during the 4th 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 during the period. Finally, Teacher Retirement System of Texas bought a new stake in Target Hospitality during the 4th quarter valued at $2,705,000. 32.40% of the stock is owned by institutional investors.

Target Hospitality Trading Down 2.2 %

Shares of TH traded down $0.15 during trading hours on Thursday, hitting $6.72. The company had a trading volume of 374,721 shares, compared to its average volume of 601,272. The company has a market capitalization of $667.73 million, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.81 and a beta of 1.70. Target Hospitality Corp. has a one year low of $4.00 and a one year high of $11.84. The company's fifty day moving average price is $6.99 and its two-hundred day moving average price is $8.13.

Remove Ads

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

Analysts Set New Price Targets

TH has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a research report on Monday, March 31st. Northland Securities upgraded shares of Target Hospitality from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th. Finally, Northland Capmk upgraded shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th.

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.