Target Hospitality Corp. (NASDAQ:TH) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Target Hospitality Corp. (NASDAQ:TH) by 2.2% during the fourth quarter, HoldingsChannel reports. The fund owned 277,557 shares of the company’s stock after buying an additional 5,967 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Target Hospitality were worth $2,683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Intech Investment Management LLC purchased a new position in Target Hospitality in the third quarter valued at about $87,000. SG Americas Securities LLC boosted its stake in shares of Target Hospitality by 16.3% during the 4th quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock worth $156,000 after acquiring an additional 2,262 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Target Hospitality by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock worth $292,000 after acquiring an additional 12,242 shares during the period. Janus Henderson Group PLC increased its stake in Target Hospitality by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 60,585 shares of the company’s stock valued at $471,000 after purchasing an additional 6,062 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Target Hospitality by 154.0% during the third quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock worth $651,000 after purchasing an additional 50,758 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Target Hospitality Stock Performance

Shares of NASDAQ:TH opened at $6.72 on Friday. The business’s fifty day moving average price is $7.79 and its two-hundred day moving average price is $8.39. The stock has a market cap of $664.88 million, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. Target Hospitality Corp. has a one year low of $4.00 and a one year high of $11.84.

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

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.