Target Hospitality Corp. (NASDAQ:TH) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 695,316 shares of the company's stock after purchasing an additional 98,135 shares during the quarter. American Century Companies Inc. owned 0.70% of Target Hospitality worth $6,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TH. SG Americas Securities LLC lifted its stake in shares of Target Hospitality by 16.3% in the fourth quarter. SG Americas Securities LLC now owns 16,110 shares of the company's stock valued at $156,000 after purchasing an additional 2,262 shares during the period. AlphaQuest LLC increased its holdings 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 buying an additional 3,360 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Target Hospitality by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company's stock valued at $2,683,000 after acquiring an additional 5,967 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Target Hospitality by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 60,585 shares of the company's stock worth $471,000 after acquiring an additional 6,062 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Target Hospitality by 18.4% during the 4th quarter. Victory Capital Management Inc. now owns 44,389 shares of the company's stock worth $429,000 after acquiring an additional 6,885 shares in the last quarter. Institutional investors and hedge funds own 32.40% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Northland Capmk raised Target Hospitality from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Northland Securities upgraded Target Hospitality from a "market perform" rating to an "outperform" rating and raised their price target for the company from $11.00 to $15.00 in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a research report on Monday, March 31st.

Target Hospitality Stock Down 0.6 %

Shares of Target Hospitality stock traded down $0.04 during trading on Tuesday, hitting $6.36. 493,991 shares of the company were exchanged, compared to its average volume of 599,294. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.84. The firm has a 50 day moving average price of $7.15 and a 200 day moving average price of $8.17. The stock has a market capitalization of $629.26 million, a price-to-earnings ratio of 7.31, a P/E/G ratio of 1.81 and a beta of 1.70.

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

About Target Hospitality

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.