XTX Topco Ltd Invests $113,000 in Target Hospitality Corp. (NASDAQ:TH)

XTX Topco Ltd bought a new position in Target Hospitality Corp. (NASDAQ:TH) during the fourth quarter, Holdings Channel reports. The firm bought 11,716 shares of the company’s stock, valued at approximately $113,000.

A number of other hedge funds have also recently modified their holdings of the stock. AlphaQuest LLC boosted its position in Target Hospitality by 275.9% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock worth $44,000 after purchasing an additional 3,360 shares in the last quarter. Maridea Wealth Management LLC purchased a new position in Target Hospitality during the fourth quarter worth approximately $103,000. Fox Run Management L.L.C. boosted its position in Target Hospitality by 17.6% during the fourth quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company’s stock worth $140,000 after purchasing an additional 2,161 shares in the last quarter. Wells Fargo & Company MN boosted its position in Target Hospitality by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,394 shares of the company’s stock worth $149,000 after purchasing an additional 5,246 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Target Hospitality by 16.3% during the fourth quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock worth $156,000 after purchasing an additional 2,262 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Stock Up 6.7 %

Shares of TH opened at $6.67 on Wednesday. Target Hospitality Corp. has a 52-week low of $4.00 and a 52-week high of $11.84. The firm’s fifty day moving average is $6.26 and its two-hundred day moving average is $8.03. The stock has a market cap of $662.76 million, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.81 and a beta of 1.70.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Wednesday, March 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $83.70 million for the quarter, compared to analysts’ expectations of $80.10 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. The firm’s quarterly revenue was down 33.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, research analysts anticipate that Target Hospitality Corp. will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

TH has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a research note on Monday, March 31st. Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th.

Target Hospitality 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.