Target Hospitality Corp. (NASDAQ:TH) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 65.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,055 shares of the company's stock after selling 49,570 shares during the period. Russell Investments Group Ltd.'s holdings in Target Hospitality were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Target Hospitality by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company's stock worth $18,995,000 after buying an additional 79,561 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Target Hospitality by 32.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company's stock worth $9,749,000 after acquiring an additional 245,252 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Target Hospitality by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 861,693 shares of the company's stock worth $8,330,000 after acquiring an additional 6,624 shares in the last quarter. State Street Corp grew its stake in Target Hospitality by 1.7% during the 3rd quarter. State Street Corp now owns 725,905 shares of the company's stock valued at $5,648,000 after purchasing an additional 12,087 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Target Hospitality by 16.4% during the 4th quarter. American Century Companies Inc. now owns 695,316 shares of the company's stock valued at $6,720,000 after purchasing an additional 98,135 shares in the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Stock Down 1.6 %

Shares of TH traded down $0.10 during mid-day trading on Monday, hitting $6.25. The stock had a trading volume of 229,791 shares, compared to its average volume of 593,694. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.84. The company has a market cap of $621.03 million, a PE ratio of 7.18, a PEG ratio of 1.81 and a beta of 1.70. The company's fifty day simple moving average is $6.39 and its two-hundred day simple moving average is $8.05.

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

Wall Street Analysts Forecast Growth

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

Target Hospitality Company 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.