Target Hospitality Corp. (NASDAQ:TH) Shares Sold by DRW Securities LLC

DRW Securities LLC lowered its stake in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 79.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,158 shares of the company's stock after selling 129,657 shares during the period. DRW Securities LLC's holdings in Target Hospitality were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TH. Fox Run Management L.L.C. raised its stake in shares of Target Hospitality by 17.6% during 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 period. SG Americas Securities LLC increased 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 worth $156,000 after buying an additional 2,262 shares during the period. AlphaQuest LLC boosted its holdings in shares of Target Hospitality by 275.9% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock worth $44,000 after purchasing an additional 3,360 shares during the period. Aviva PLC increased its stake in shares of Target Hospitality by 6.7% during the fourth quarter. Aviva PLC now owns 70,708 shares of the company's stock valued at $683,000 after buying an additional 4,415 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Target Hospitality by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,394 shares of the company's stock valued at $149,000 after buying an additional 5,246 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Target Hospitality Stock Down 0.7 %

Shares of NASDAQ TH traded down $0.05 during trading hours on Wednesday, hitting $6.68. 49,807 shares of the stock were exchanged, compared to its average volume of 599,972. The firm has a fifty day moving average price of $6.84 and a 200-day moving average price of $8.11. The company has a market cap of $663.75 million, a PE ratio of 7.68, a PEG ratio of 1.81 and a beta of 1.70. Target Hospitality Corp. has a 12 month low of $4.00 and a 12 month high of $11.84.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $80.10 million. During the same quarter last year, the company earned $0.29 EPS. The business's revenue was down 33.7% on a year-over-year basis. As a group, equities analysts anticipate that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

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.