Denali Advisors LLC Has $211,000 Stake in Target Hospitality Corp. (NASDAQ:TH)

Denali Advisors LLC raised its stake in Target Hospitality Corp. (NASDAQ:TH) by 106.4% in the 1st quarter, HoldingsChannel reports. The firm owned 19,400 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Denali Advisors LLC’s holdings in Target Hospitality were worth $211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Troluce Capital Advisors LLC boosted its holdings in Target Hospitality by 1.0% during the fourth quarter. Troluce Capital Advisors LLC now owns 138,044 shares of the company’s stock worth $1,343,000 after purchasing an additional 1,407 shares during the last quarter. Tyro Capital Management LLC purchased a new stake in shares of Target Hospitality during the 4th quarter valued at approximately $11,284,000. AdvisorShares Investments LLC lifted its stake in shares of Target Hospitality by 15.4% during the 4th quarter. AdvisorShares Investments LLC now owns 16,965 shares of the company’s stock valued at $165,000 after buying an additional 2,264 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Target Hospitality by 664.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,849 shares of the company’s stock worth $47,000 after acquiring an additional 4,215 shares during the period. Finally, Yarra Square Partners LP increased its holdings in Target Hospitality by 2.4% during the 4th quarter. Yarra Square Partners LP now owns 444,208 shares of the company’s stock worth $4,322,000 after acquiring an additional 10,208 shares during the period. 32.40% of the stock is owned by institutional investors.

Target Hospitality Trading Up 2.1 %

Shares of TH traded up $0.18 during midday trading on Wednesday, hitting $8.68. The stock had a trading volume of 185,077 shares, compared to its average volume of 612,788. The firm has a market cap of $870.43 million, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.94 and a beta of 2.14. Target Hospitality Corp. has a 1 year low of $6.11 and a 1 year high of $16.73. The stock’s 50 day moving average is $10.20 and its 200 day moving average is $9.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.78 and a quick ratio of 2.78.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $106.70 million for the quarter, compared to the consensus estimate of $101.97 million. Target Hospitality had a net margin of 27.37% and a return on equity of 41.41%. The firm’s revenue was down 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. As a group, analysts forecast that Target Hospitality Corp. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price target (down previously from $13.00) on shares of Target Hospitality in a report on Friday, April 12th. Oppenheimer decreased their price target on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, March 25th.

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.