Target Hospitality Corp. (NASDAQ:TH) Stock Holdings Lifted by LB Partners LLC

LB Partners LLC lifted its holdings in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 300.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 536,428 shares of the company's stock after purchasing an additional 402,428 shares during the quarter. Target Hospitality accounts for approximately 3.6% of LB Partners LLC's portfolio, making the stock its 8th largest position. LB Partners LLC owned about 0.53% of Target Hospitality worth $4,173,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Target Hospitality by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,801,234 shares of the company's stock valued at $19,579,000 after acquiring an additional 26,796 shares during the last quarter. Renaissance Technologies LLC grew its position in Target Hospitality by 6.1% during the second quarter. Renaissance Technologies LLC now owns 741,036 shares of the company's stock valued at $6,454,000 after acquiring an additional 42,800 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Target Hospitality by 39.7% during the second quarter. American Century Companies Inc. now owns 397,324 shares of the company's stock valued at $3,461,000 after purchasing an additional 112,833 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Target Hospitality by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 269,501 shares of the company's stock valued at $2,347,000 after purchasing an additional 6,636 shares during the period. Finally, Denali Advisors LLC boosted its stake in shares of Target Hospitality by 856.2% during the second quarter. Denali Advisors LLC now owns 185,500 shares of the company's stock valued at $1,616,000 after purchasing an additional 166,100 shares during the period. Institutional investors own 32.40% of the company's stock.

Target Hospitality Trading Down 1.2 %

Shares of NASDAQ:TH traded down $0.09 during trading on Monday, reaching $7.39. 204,273 shares of the company traded hands, compared to its average volume of 529,847. The firm has a market capitalization of $741.05 million, a price-to-earnings ratio of 5.43, a P/E/G ratio of 0.83 and a beta of 2.08. Target Hospitality Corp. has a 52-week low of $6.11 and a 52-week high of $16.02. The business's fifty day moving average is $8.96 and its 200-day moving average is $9.61.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its quarterly 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 company had revenue of $100.72 million during the quarter, compared to analyst estimates of $101.25 million. During the same quarter last year, the firm posted $0.44 earnings per share. The firm's revenue was down 29.9% on a year-over-year basis. On average, sell-side analysts predict that Target Hospitality Corp. will post 0.62 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.