Target Hospitality Corp. (NASDAQ:TH) Shares Sold by Jump Financial LLC

Posted by Defense World Staff on Aug 8th, 2023

Jump Financial LLC decreased its stake in shares of Target Hospitality Corp. (NASDAQ:TH – Free Report) by 59.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,042 shares of the company’s stock after selling 44,027 shares during the period. Jump Financial LLC’s holdings in Target Hospitality were worth $395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Capital Management LLC boosted its stake in Target Hospitality by 9.0% during the second quarter. Private Capital Management LLC now owns 5,880,567 shares of the company’s stock valued at $33,578,000 after buying an additional 483,661 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Target Hospitality by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,509,539 shares of the company’s stock worth $19,049,000 after purchasing an additional 22,182 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of Target Hospitality by 49.1% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 945,074 shares of the company’s stock worth $14,308,000 after purchasing an additional 311,080 shares in the last quarter. Two Sigma Investments LP lifted its stake in Target Hospitality by 29.1% during the fourth quarter. Two Sigma Investments LP now owns 843,266 shares of the company’s stock valued at $12,767,000 after purchasing an additional 190,050 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Target Hospitality by 1.8% during the fourth quarter. Morgan Stanley now owns 728,233 shares of the company’s stock worth $11,025,000 after buying an additional 12,967 shares in the last quarter. 32.05% of the stock is currently owned by institutional investors.

Target Hospitality Stock Performance

Shares of NASDAQ:TH opened at $13.19 on Tuesday. The company has a market capitalization of $1.34 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.56 and a beta of 2.14. The stock has a fifty day moving average of $13.60 and a 200-day moving average of $14.40. Target Hospitality Corp. has a one year low of $10.40 and a one year high of $18.48.

Target Hospitality (NASDAQ:TH – Get Free Report) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. Target Hospitality had a return on equity of 78.00% and a net margin of 20.59%. The firm had revenue of $147.82 million for the quarter, compared to the consensus estimate of $137.63 million. As a group, research analysts forecast that Target Hospitality Corp. will post 1.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Eric Kalamaras sold 7,970 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $16.56, for a total transaction of $131,983.20. Following the transaction, the chief financial officer now directly owns 25,969 shares of the company’s stock, valued at $430,046.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 68.30% of the company’s stock.

Target Hospitality Profile

(Free Report)

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through four segments: Hospitality & Facilities Services – South, Hospitality & Facilities Services – Midwest, Government, and TCPL Keystone. It owns a network of specialty rental accommodation units.