73,566 Shares in Target Hospitality Corp. $TH Bought by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in shares of Target Hospitality Corp. (NASDAQ:TH) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 73,566 shares of the company’s stock, valued at approximately $1,498,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Target Hospitality by 3,549.2% in the first quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock worth $289,000 after acquiring an additional 42,661 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Target Hospitality during the first quarter valued at about $114,000. Goldman Sachs Group Inc. raised its position in shares of Target Hospitality by 104.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock valued at $1,844,000 after purchasing an additional 143,505 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Target Hospitality in the 1st quarter valued at approximately $660,000. Finally, Strs Ohio acquired a new stake in Target Hospitality in the 1st quarter worth approximately $131,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Trading Up 0.7%

Target Hospitality stock opened at $19.25 on Friday. The stock has a 50-day moving average price of $17.25 and a 200 day moving average price of $15.45. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -50.66 and a beta of 1.51. Target Hospitality Corp. has a 52 week low of $5.97 and a 52 week high of $20.85. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.11.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%. The company had revenue of $85.45 million for the quarter, compared to the consensus estimate of $79.30 million. Sell-side analysts anticipate that Target Hospitality Corp. will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Stifel Nicolaus set a $26.00 target price on shares of Target Hospitality in a research report on Thursday, August 27th. Weiss Ratings raised shares of Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Oppenheimer lifted their price objective on shares of Target Hospitality from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $23.00 price objective on shares of Target Hospitality in a report on Thursday, August 27th. Finally, Northland Securities set a $25.00 target price on Target Hospitality in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.60.

About Target Hospitality

Target Hospitality Corp. (NASDAQ: TH) provides specialty hospitality and workforce accommodation services in North America. The company supports organizations that require temporary or long-term housing and related services in remote, industrial, government, and other challenging operating environments.

Its offerings include modular and prefabricated accommodations, lodging management, food and catering services, housekeeping, maintenance, transportation, security, and other on-site support.