Garnet Equity Capital Holdings Inc. Decreases Holdings in Target Hospitality Corp. (NASDAQ:TH)

Garnet Equity Capital Holdings Inc. reduced its position in Target Hospitality Corp. (NASDAQ:TH) by 75.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,746 shares of the company’s stock after selling 711,222 shares during the period. Target Hospitality comprises 0.7% of Garnet Equity Capital Holdings Inc.’s investment portfolio, making the stock its 16th biggest position. Garnet Equity Capital Holdings Inc. owned approximately 0.23% of Target Hospitality worth $2,304,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TH. Voss Capital LLC purchased a new stake in shares of Target Hospitality in the fourth quarter valued at about $13,127,000. HighTower Advisors LLC lifted its stake in Target Hospitality by 13,213.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,331,390 shares of the company’s stock valued at $21,143,000 after buying an additional 1,321,390 shares in the last quarter. Vanguard Group Inc. grew its holdings in Target Hospitality by 44.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,689,440 shares of the company’s stock valued at $26,828,000 after buying an additional 523,398 shares during the last quarter. Troluce Capital Advisors LLC acquired a new stake in Target Hospitality during the 3rd quarter valued at $2,170,000. Finally, Los Angeles Capital Management LLC increased its position in Target Hospitality by 290.9% during the third quarter. Los Angeles Capital Management LLC now owns 133,055 shares of the company’s stock worth $2,113,000 after buying an additional 99,019 shares in the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Oppenheimer reduced their price objective on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Stifel Nicolaus reissued a “hold” rating and set a $12.00 price target (down previously from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th. Finally, TheStreet downgraded Target Hospitality from a “b” rating to a “c+” rating in a research report on Monday, January 22nd.

Target Hospitality Stock Up 1.2 %

Target Hospitality stock traded up $0.13 during midday trading on Thursday, hitting $11.23. 297,457 shares of the company were exchanged, compared to its average volume of 560,632. The company has a market cap of $1.13 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 1.16 and a beta of 2.06. Target Hospitality Corp. has a fifty-two week low of $8.49 and a fifty-two week high of $16.80. The company’s fifty day moving average price is $10.07 and its 200-day moving average price is $10.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.57 and a quick ratio of 2.57.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $126.20 million for the quarter, compared to analyst estimates of $118.00 million. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The firm’s revenue was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. On average, research analysts predict that Target Hospitality Corp. will post 0.64 EPS for the current fiscal year.

Target Hospitality 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.