OMERS ADMINISTRATION Corp Takes Position in Target Hospitality Corp. $TH

OMERS ADMINISTRATION Corp acquired a new position in Target Hospitality Corp. (NASDAQ:TH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,600 shares of the company’s stock, valued at approximately $542,000.

A number of other hedge funds also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in shares of Target Hospitality in the 2nd quarter valued at $27,000. IFP Advisors Inc raised its position in shares of Target Hospitality by 88.0% in the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after acquiring an additional 1,873 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Target Hospitality by 121.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after purchasing an additional 2,465 shares during the last quarter. Galaxy Digital Capital Management GP LLC purchased a new stake in shares of Target Hospitality during the 1st quarter worth $67,000. Finally, Tripletail Wealth Management LLC boosted its position in Target Hospitality by 62.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock valued at $93,000 after purchasing an additional 4,460 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Stock Performance

Shares of TH stock opened at $18.96 on Friday. The business has a fifty day moving average of $17.45 and a 200 day moving average of $14.58. Target Hospitality Corp. has a 1 year low of $5.97 and a 1 year high of $20.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -49.89 and a beta of 1.49.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%.The business had revenue of $85.45 million for the quarter, compared to analyst estimates of $79.30 million. As a group, research analysts expect that Target Hospitality Corp. will post -0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TH shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $23.00 target price on shares of Target Hospitality in a research note on Thursday. Northland Securities set a $25.00 price target on shares of Target Hospitality in a research report on Thursday. Weiss Ratings upgraded shares of Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Morgan Stanley started coverage on shares of Target Hospitality in a research report on Monday, August 17th. They issued an “overweight” rating and a $22.00 price objective on the stock. Finally, Stifel Nicolaus set a $26.00 price objective on shares of Target Hospitality in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

About Target Hospitality

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.