Denali Advisors LLC Purchases 166,100 Shares of Target Hospitality Corp. (NASDAQ:TH)

Denali Advisors LLC increased its position in shares of Target Hospitality Corp. (NASDAQ:TH) by 856.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 185,500 shares of the company’s stock after acquiring an additional 166,100 shares during the quarter. Denali Advisors LLC’s holdings in Target Hospitality were worth $1,616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tyro Capital Management LLC bought a new position in shares of Target Hospitality in the fourth quarter worth about $11,284,000. Yarra Square Partners LP lifted its holdings in shares of Target Hospitality by 2.4% in the fourth quarter. Yarra Square Partners LP now owns 444,208 shares of the company’s stock worth $4,322,000 after acquiring an additional 10,208 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Target Hospitality by 10.1% in the first quarter. BNP Paribas Financial Markets now owns 45,231 shares of the company’s stock worth $492,000 after acquiring an additional 4,161 shares during the last quarter. Quest Partners LLC bought a new position in shares of Target Hospitality in the fourth quarter worth about $123,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Target Hospitality in the first quarter worth about $122,000. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Trading Up 2.2 %

TH stock opened at $10.03 on Tuesday. The stock has a market capitalization of $1.01 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 1.07 and a beta of 2.09. Target Hospitality Corp. has a 12 month low of $6.11 and a 12 month high of $16.73. The firm has a 50-day moving average price of $9.54 and a 200-day moving average price of $9.87.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Wednesday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $100.72 million during the quarter, compared to analysts’ expectations of $101.25 million. Target Hospitality had a net margin of 23.97% and a return on equity of 30.89%. The business’s revenue for the quarter was down 29.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, equities analysts predict that Target Hospitality Corp. will post 0.62 EPS for the current fiscal year.

Target Hospitality Company 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.