71 West Capital Partners Buys New Stake in Target Hospitality Corp. $TH

71 West Capital Partners bought a new stake in shares of Target Hospitality Corp. (NASDAQ:TH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 892,322 shares of the company’s stock, valued at approximately $7,147,000. 71 West Capital Partners owned approximately 0.89% of Target Hospitality as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of TH. IFP Advisors Inc lifted its position in Target Hospitality by 88.0% during the third 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 during the last quarter. Russell Investments Group Ltd. lifted its position in Target Hospitality by 121.5% during the third 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 during the last quarter. Tripletail Wealth Management LLC lifted its position in Target Hospitality by 62.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock valued at $93,000 after purchasing an additional 4,460 shares during the last quarter. AdvisorShares Investments LLC lifted its position in Target Hospitality by 17.9% during the fourth quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock valued at $95,000 after purchasing an additional 1,798 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new position in Target Hospitality during the third quarter valued at $95,000. Institutional investors own 32.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TH shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research report on Friday, March 27th. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Wall Street Zen upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Stifel Nicolaus reiterated a “buy” rating and set a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Target Hospitality in a research report on Monday, June 1st. They set a “hold” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

Target Hospitality Price Performance

Target Hospitality stock opened at $18.91 on Tuesday. The firm has a 50-day moving average price of $16.23 and a 200-day moving average price of $10.98. The firm has a market capitalization of $1.89 billion, a PE ratio of -42.98 and a beta of 1.47. 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 12-month low of $5.97 and a 12-month high of $19.00.

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

Target Hospitality Company 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.