Naples Money Management LLC Makes New Investment in Target Hospitality Corp. (NASDAQ:TH)

Naples Money Management LLC bought a new position in Target Hospitality Corp. (NASDAQ:TH) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,300 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its holdings in shares of Target Hospitality by 110.1% during the second quarter. Great West Life Assurance Co. Can now owns 1,910 shares of the company’s stock worth $26,000 after acquiring an additional 1,001 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Target Hospitality during the second quarter worth $29,000. FMR LLC raised its holdings in shares of Target Hospitality by 161.2% during the third quarter. FMR LLC now owns 2,406 shares of the company’s stock worth $38,000 after acquiring an additional 1,485 shares during the period. New York State Teachers Retirement System bought a new position in Target Hospitality in the third quarter valued at $44,000. Finally, Quarry LP bought a new position in Target Hospitality in the first quarter valued at $41,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Target Hospitality Price Performance

Shares of Target Hospitality stock opened at $10.90 on Friday. Target Hospitality Corp. has a twelve month low of $8.49 and a twelve month 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 company has a 50-day simple moving average of $9.81 and a two-hundred day simple moving average of $10.82. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 1.14 and a beta of 2.09.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The business had revenue of $126.20 million during the quarter, compared to analysts’ expectations of $118.00 million. During the same quarter in the previous year, the company earned $0.31 EPS. The business’s revenue was down 17.2% on a year-over-year basis. 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.