American Century Companies Inc. Boosts Stock Position in Target Hospitality Corp. (NASDAQ:TH)

American Century Companies Inc. raised its position in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 39.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 397,324 shares of the company's stock after purchasing an additional 112,833 shares during the period. American Century Companies Inc. owned about 0.40% of Target Hospitality worth $3,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Covestor Ltd boosted its stake in Target Hospitality by 13.9% in the first quarter. Covestor Ltd now owns 8,925 shares of the company's stock valued at $97,000 after acquiring an additional 1,092 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Target Hospitality in the 1st quarter worth $122,000. Quest Partners LLC grew its stake in shares of Target Hospitality by 4,201.9% during the second quarter. Quest Partners LLC now owns 13,508 shares of the company's stock worth $118,000 after acquiring an additional 13,194 shares during the last quarter. Gabelli Funds LLC purchased a new position in shares of Target Hospitality in the 1st quarter valued at approximately $163,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Target Hospitality during the first quarter worth $174,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Stock Performance

Shares of NASDAQ TH remained flat at $7.42 during mid-day trading on Friday. The company had a trading volume of 564,339 shares, compared to its average volume of 549,457. The stock's fifty day moving average price is $9.54 and its 200 day moving average price is $9.87. The stock has a market cap of $745.19 million, a price-to-earnings ratio of 5.45, a PEG ratio of 1.03 and a beta of 2.09. Target Hospitality Corp. has a 52-week low of $6.11 and a 52-week high of $16.73.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. Target Hospitality had a return on equity of 30.89% and a net margin of 23.97%. The firm had revenue of $100.72 million during the quarter, compared to the consensus estimate of $101.25 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company's revenue was down 29.9% compared to the same quarter last year. On average, equities research analysts expect that Target Hospitality Corp. will post 0.62 EPS 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.