Exchange Traded Concepts LLC Lowers Holdings in Target Hospitality Corp. (NASDAQ:TH)

Exchange Traded Concepts LLC decreased its holdings in Target Hospitality Corp. (NASDAQ:TH) by 30.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 31,445 shares of the company’s stock after selling 13,966 shares during the period. Exchange Traded Concepts LLC’s holdings in Target Hospitality were worth $245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in Target Hospitality by 13.9% in the 1st quarter. Covestor Ltd now owns 8,925 shares of the company’s stock valued at $97,000 after buying an additional 1,092 shares during the period. SG Americas Securities LLC purchased a new stake in Target Hospitality in the 3rd quarter valued at about $108,000. Quest Partners LLC grew its holdings in Target Hospitality by 4,201.9% in the 2nd quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock valued at $118,000 after buying an additional 13,194 shares during the period. Bleakley Financial Group LLC purchased a new stake in Target Hospitality in the 1st quarter valued at about $122,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Target Hospitality by 11.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock valued at $126,000 after buying an additional 1,540 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Price Performance

TH opened at $7.48 on Monday. The stock has a market capitalization of $750.07 million, a price-to-earnings ratio of 5.50, a price-to-earnings-growth ratio of 0.83 and a beta of 2.08. The business has a 50-day moving average of $9.01 and a two-hundred day moving average of $9.64. Target Hospitality Corp. has a 12 month low of $6.11 and a 12 month high of $16.02.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $100.72 million for the quarter, compared to analyst estimates of $101.25 million. Target Hospitality had a return on equity of 30.89% and a net margin of 23.97%. The company’s revenue was down 29.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. Equities research analysts anticipate that Target Hospitality Corp. will post 0.62 earnings per share 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.