Target Hospitality Corp. $TH Shares Acquired by Kore Advisors LP

Kore Advisors LP increased its position in shares of Target Hospitality Corp. (NASDAQ:TH) by 9.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 466,055 shares of the company’s stock after acquiring an additional 40,842 shares during the period. Target Hospitality comprises about 4.7% of Kore Advisors LP’s portfolio, making the stock its 7th biggest position. Kore Advisors LP owned about 0.47% of Target Hospitality worth $4,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Target Hospitality by 21.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock valued at $13,259,000 after buying an additional 252,212 shares during the period. Bleakley Financial Group LLC acquired a new stake in Target Hospitality during the 1st quarter worth about $232,000. Equitable Trust Co. grew its holdings in Target Hospitality by 18.6% during the 1st quarter. Equitable Trust Co. now owns 123,827 shares of the company’s stock worth $1,149,000 after acquiring an additional 19,461 shares during the period. Invesco Ltd. raised its position in shares of Target Hospitality by 20.1% in the 4th quarter. Invesco Ltd. now owns 70,385 shares of the company’s stock worth $564,000 after acquiring an additional 11,793 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Target Hospitality in the 4th quarter worth about $118,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Stock Performance

Target Hospitality stock opened at $16.71 on Thursday. The firm has a fifty day simple moving average of $18.16 and a two-hundred day simple moving average of $12.95. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.08. Target Hospitality Corp. has a twelve month low of $5.97 and a twelve month high of $20.85. The company has a market capitalization of $1.67 billion, a PE ratio of -37.98 and a beta of 1.46.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Target Hospitality had a negative return on equity of 11.11% and a negative net margin of 13.47%.The firm had revenue of $72.78 million during the quarter, compared to the consensus estimate of $73.20 million. Research analysts expect that Target Hospitality Corp. will post -0.19 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Oppenheimer increased their target price on Target Hospitality from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft started coverage on Target Hospitality in a report on Monday, June 1st. They issued a “hold” rating and a $22.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 price target (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Target Hospitality presently has an average rating of “Moderate Buy” and a consensus target price of $20.33.

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.