Target Hospitality Corp. (NASDAQ:TH) Stock Holdings Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 32.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,008,702 shares of the company's stock after buying an additional 245,252 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.02% of Target Hospitality worth $9,749,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fox Run Management L.L.C. increased its position in Target Hospitality by 17.6% in the fourth quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company's stock worth $140,000 after buying an additional 2,161 shares during the period. SG Americas Securities LLC grew its position in shares of Target Hospitality by 16.3% during the fourth quarter. SG Americas Securities LLC now owns 16,110 shares of the company's stock worth $156,000 after acquiring an additional 2,262 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Target Hospitality by 275.9% in the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock worth $44,000 after acquiring an additional 3,360 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Target Hospitality by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company's stock valued at $2,683,000 after purchasing an additional 5,967 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Target Hospitality by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 60,585 shares of the company's stock valued at $471,000 after purchasing an additional 6,062 shares during the period. Institutional investors own 32.40% of the company's stock.

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Analyst Ratings Changes

Several brokerages have commented on TH. Stifel Nicolaus raised their price target on shares of Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a research note on Monday, March 31st. Northland Capmk raised Target Hospitality from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Northland Securities raised Target Hospitality from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $11.00 to $15.00 in a research note on Wednesday, January 29th.

Target Hospitality Stock Up 4.2 %

Target Hospitality stock traded up $0.28 during trading hours on Friday, hitting $7.00. 527,486 shares of the company traded hands, compared to its average volume of 602,195. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.84. The firm has a market cap of $695.55 million, a P/E ratio of 8.05, a P/E/G ratio of 1.81 and a beta of 1.70. The firm's 50-day simple moving average is $6.94 and its two-hundred day simple moving average is $8.12.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $80.10 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The business's revenue for the quarter was down 33.7% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. On average, equities research 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.