Naples Money Management LLC Invests $32,000 in Target Hospitality Corp. (NASDAQ:TH)

Naples Money Management LLC purchased a new position 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 & Exchange Commission. The fund purchased 3,300 shares of the company’s stock, valued at approximately $32,000.

Other large investors have also modified their holdings of the company. Voss Capital LLC acquired a new stake in shares of Target Hospitality during the fourth quarter worth about $13,127,000. HighTower Advisors LLC lifted its holdings in shares of Target Hospitality by 13,213.9% during the third quarter. HighTower Advisors LLC now owns 1,331,390 shares of the company’s stock worth $21,143,000 after purchasing an additional 1,321,390 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Target Hospitality by 44.9% during the third quarter. Vanguard Group Inc. now owns 1,689,440 shares of the company’s stock worth $26,828,000 after purchasing an additional 523,398 shares during the period. Private Capital Management LLC lifted its holdings in shares of Target Hospitality by 9.0% during the second quarter. Private Capital Management LLC now owns 5,880,567 shares of the company’s stock worth $33,578,000 after purchasing an additional 483,661 shares during the period. Finally, Yaupon Capital Management LP acquired a new stake in shares of Target Hospitality during the second quarter worth about $5,408,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TH. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.00 target price (down previously from $13.00) on shares of Target Hospitality in a report on Friday, April 12th. Oppenheimer decreased their target price on Target Hospitality from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Finally, TheStreet downgraded Target Hospitality from a “b” rating to a “c+” rating in a report on Monday, January 22nd.

Target Hospitality Trading Up 0.2 %

Shares of NASDAQ:TH opened at $10.90 on Friday. Target Hospitality Corp. has a 12-month low of $8.49 and a 12-month high of $16.80. The company has a market capitalization of $1.10 billion, a PE ratio of 7.08, a PEG ratio of 1.14 and a beta of 2.09. The business has a 50 day moving average of $9.81 and a two-hundred day moving average of $10.82. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.47.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The company had revenue of $126.20 million during the quarter, compared to the consensus estimate of $118.00 million. During the same period in the previous year, the company posted $0.31 earnings per share. Target Hospitality’s revenue for the quarter was down 17.2% on a year-over-year basis. As a group, analysts forecast that Target Hospitality Corp. will post 0.64 EPS for the current year.

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.