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

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

Several other hedge funds also recently added to or reduced their stakes in TH. HighTower Advisors LLC grew its stake in Target Hospitality by 10.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after buying an additional 134,966 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Target Hospitality by 9.3% in the third quarter. Geode Capital Management LLC now owns 855,069 shares of the company’s stock valued at $6,654,000 after acquiring an additional 72,579 shares during the period. State Street Corp grew its position in shares of Target Hospitality by 1.7% during the third quarter. State Street Corp now owns 725,905 shares of the company’s stock worth $5,648,000 after acquiring an additional 12,087 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Target Hospitality by 16.4% in the 4th quarter. American Century Companies Inc. now owns 695,316 shares of the company’s stock valued at $6,720,000 after acquiring an additional 98,135 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Target Hospitality in the 4th quarter valued at $2,705,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Stock Performance

Shares of TH opened at $6.64 on Friday. The stock has a market capitalization of $656.97 million, a P/E ratio of 7.63, a P/E/G 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 company’s fifty day moving average is $7.71 and its two-hundred day moving average is $8.36.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $80.10 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The business’s revenue was down 33.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. Sell-side analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current year.

Analyst Ratings Changes

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

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.