Fox Run Management L.L.C. Increases Position in Target Hospitality Corp. (NASDAQ:TH)

Fox Run Management L.L.C. lifted its stake in Target Hospitality Corp. (NASDAQ:TH) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,473 shares of the company’s stock after purchasing an additional 2,161 shares during the period. Fox Run Management L.L.C.’s holdings in Target Hospitality were worth $140,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in Target Hospitality by 48.5% in the third quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock valued at $292,000 after purchasing an additional 12,242 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Target Hospitality in the 3rd quarter worth about $87,000. Charles Schwab Investment Management Inc. grew its stake in Target Hospitality by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company’s stock valued at $2,113,000 after acquiring an additional 60,569 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Target Hospitality by 154.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock valued at $651,000 after acquiring an additional 50,758 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Target Hospitality by 10.1% during the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after acquiring an additional 134,966 shares during the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Stifel Nicolaus dropped their price target on Target Hospitality from $10.00 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, February 26th. Finally, Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $11.00 to $15.00 in a research report on Wednesday, January 29th.

Target Hospitality Stock Performance

Shares of NASDAQ TH opened at $6.64 on Friday. The firm has a market cap of $656.97 million, a P/E ratio of 7.63, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. Target Hospitality Corp. has a 1 year low of $4.00 and a 1 year high of $11.84. The firm’s 50 day moving average price is $7.71 and its 200 day moving average price is $8.36.

Target Hospitality (NASDAQ:TH) last announced 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 during the quarter, compared to the consensus estimate of $80.10 million. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The business’s revenue for the quarter was down 33.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. As a group, equities analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current 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.