Target Hospitality Corp. (NASDAQ:TH) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in Target Hospitality Corp. (NASDAQ:TH) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,952 shares of the company’s stock after selling 22,103 shares during the period. Los Angeles Capital Management LLC owned approximately 0.11% of Target Hospitality worth $1,080,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TH. Voss Capital LLC acquired a new stake in shares of Target Hospitality during the 4th quarter worth approximately $13,127,000. Nordea Investment Management AB grew its position in Target Hospitality by 31.5% during the fourth quarter. Nordea Investment Management AB now owns 235,623 shares of the company’s stock valued at $2,311,000 after buying an additional 56,471 shares during the period. Dark Forest Capital Management LP purchased a new position in Target Hospitality in the third quarter valued at $862,000. Vanguard Group Inc. raised its position in shares of Target Hospitality by 44.9% in the third quarter. Vanguard Group Inc. now owns 1,689,440 shares of the company’s stock worth $26,828,000 after acquiring an additional 523,398 shares during the period. Finally, Denali Advisors LLC purchased a new stake in shares of Target Hospitality during the 4th quarter worth about $91,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Trading Up 3.8 %

TH opened at $11.52 on Thursday. The business has a fifty day simple moving average of $10.21 and a 200-day simple moving average of $10.41. Target Hospitality Corp. has a 52 week low of $8.49 and a 52 week high of $16.80. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.16 billion, a P/E ratio of 7.43, a P/E/G ratio of 1.17 and a beta of 2.06.

Target Hospitality (NASDAQ:TH) last released its earnings results on Wednesday, March 13th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $126.20 million for the quarter, compared to analyst estimates of $118.00 million. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The firm’s quarterly revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. On average, equities analysts expect that Target Hospitality Corp. will post 0.64 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on TH. Oppenheimer dropped their price objective on Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 price objective (down from $13.00) on shares of Target Hospitality in a report on Friday, April 12th. Finally, TheStreet lowered Target Hospitality from a “b” rating to a “c+” rating in a research note on Monday, January 22nd.

About Target Hospitality

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.