Target Hospitality Corp. (NASDAQ:TH – Free Report) – Analysts at Northland Capmk raised their Q3 2023 earnings per share estimates for shares of Target Hospitality in a research note issued to investors on Thursday, August 10th. Northland Capmk analyst G. Gibas now expects that the company will post earnings per share of $0.38 for the quarter, up from their prior forecast of $0.34. The consensus estimate for Target Hospitality’s current full-year earnings is $1.60 per share.
Separately, Oppenheimer decreased their price target on Target Hospitality from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday.
Target Hospitality Stock Performance
Shares of TH stock opened at $13.94 on Monday. The stock’s 50 day simple moving average is $13.49 and its 200 day simple moving average is $14.26. Target Hospitality has a twelve month low of $10.40 and a twelve month high of $18.48. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.59 and a beta of 2.14.
Hedge Funds Weigh In On Target Hospitality
A number of hedge funds have recently added to or reduced their stakes in the stock. Private Capital Management LLC lifted its position in shares of Target Hospitality by 9.0% during the 2nd quarter. Private Capital Management LLC now owns 5,880,567 shares of the company’s stock worth $33,578,000 after buying an additional 483,661 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Target Hospitality by 7.9% in the 2nd quarter. BlackRock Inc. now owns 2,033,655 shares of the company’s stock worth $27,292,000 after purchasing an additional 149,649 shares during the period. Vanguard Group Inc. raised its holdings 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 period. 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 during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Target Hospitality by 29.1% in the 4th quarter. Two Sigma Investments LP now owns 843,266 shares of the company’s stock worth $12,767,000 after purchasing an additional 190,050 shares during the period. Institutional investors and hedge funds own 32.05% of the company’s stock.
Insider Transactions at Target Hospitality
In other news, CFO Eric Kalamaras sold 7,970 shares of Target Hospitality stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $16.56, for a total value of $131,983.20. Following the completion of the transaction, the chief financial officer now directly owns 25,969 shares of the company’s stock, valued at approximately $430,046.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 68.20% of the company’s stock.
Target Hospitality Company Profile
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.
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