AlphaQuest LLC Increases Position in Target Hospitality Corp. (NASDAQ:TH)

AlphaQuest LLC increased its stake in shares of Target Hospitality Corp. (NASDAQ:TH) by 275.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,578 shares of the company’s stock after buying an additional 3,360 shares during the quarter. AlphaQuest LLC’s holdings in Target Hospitality were worth $44,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TH. Intech Investment Management LLC acquired a new position in Target Hospitality during the third quarter valued at $87,000. SG Americas Securities LLC lifted 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 valued at $156,000 after purchasing an additional 2,262 shares during the period. Victory Capital Management Inc. lifted its position in Target Hospitality by 48.5% during the third quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock valued at $292,000 after purchasing an additional 12,242 shares during the period. Janus Henderson Group PLC lifted its position in Target Hospitality by 11.1% during the third 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 during the period. Finally, BNP Paribas Financial Markets lifted its position in Target Hospitality by 154.0% during the third quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock valued at $651,000 after purchasing an additional 50,758 shares during the period. 32.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Target Hospitality Price Performance

TH opened at $5.95 on Friday. Target Hospitality Corp. has a twelve month low of $4.00 and a twelve month high of $11.84. The company has a 50-day moving average price of $8.17 and a 200 day moving average price of $8.51. The company has a market cap of $588.70 million, a PE ratio of 6.84, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15.

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.