Royce & Associates LP Takes Position in Target Hospitality Corp. $TH

Royce & Associates LP purchased a new stake in shares of Target Hospitality Corp. (NASDAQ:TH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 349,723 shares of the company’s stock, valued at approximately $2,801,000. Royce & Associates LP owned approximately 0.35% of Target Hospitality at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. IFP Advisors Inc raised its holdings in shares of Target Hospitality by 88.0% during the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after purchasing an additional 1,873 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Target Hospitality by 121.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after purchasing an additional 2,465 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Target Hospitality by 6.2% during the 2nd quarter. Rhumbline Advisers now owns 50,373 shares of the company’s stock valued at $359,000 after purchasing an additional 2,947 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Target Hospitality by 8.6% during the 2nd quarter. Invesco Ltd. now owns 54,391 shares of the company’s stock valued at $387,000 after purchasing an additional 4,317 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Target Hospitality by 7.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 135,179 shares of the company’s stock valued at $962,000 after purchasing an additional 9,908 shares in the last quarter. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Trading Up 0.8%

Shares of Target Hospitality stock opened at $17.36 on Friday. The company’s fifty day simple moving average is $14.66 and its 200-day simple moving average is $10.14. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -39.45 and a beta of 1.43. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. Target Hospitality Corp. has a 1 year low of $5.97 and a 1 year high of $18.93.

Target Hospitality (NASDAQ:TH) last released its earnings results on Monday, May 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Target Hospitality had a negative net margin of 13.47% and a negative return on equity of 11.11%. The company had revenue of $72.78 million for the quarter, compared to analyst estimates of $73.20 million. As a group, sell-side analysts expect that Target Hospitality Corp. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TH. Oppenheimer raised their price target on shares of Target Hospitality from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Friday, March 27th. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.00 price target (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Finally, Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Target Hospitality currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Target Hospitality Profile

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.