Aristides Capital LLC Invests $332,000 in Target Hospitality Corp. $TH

Key Points

• Aristides Capital LLC acquired 50,394 shares of Target Hospitality Corp. for approximately $332,000, representing about 0.05% ownership of the company.
• Target Hospitality's latest earnings report showed a loss of $0.15 per share, missing estimates, while revenue of $61.61 million exceeded analyst expectations.
• Recent analyst upgrades have improved sentiment, with Stifel Nicolaus raising the target price from $7.50 to $11.00, reflecting a consensus "Buy" rating among analysts.

Aristides Capital LLC bought a new position in Target Hospitality Corp. (NASDAQ:TH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 50,394 shares of the company's stock, valued at approximately $332,000. Aristides Capital LLC owned approximately 0.05% of Target Hospitality as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Royce & Associates LP grew its stake in Target Hospitality by 44.0% in the first quarter. Royce & Associates LP now owns 15,783 shares of the company's stock worth $104,000 after purchasing an additional 4,819 shares during the period. Two Sigma Advisers LP bought a new stake in shares of Target Hospitality during the 4th quarter valued at $105,000. EntryPoint Capital LLC bought a new stake in shares of Target Hospitality during the 1st quarter valued at $108,000. XTX Topco Ltd purchased a new stake in shares of Target Hospitality in the 4th quarter worth about $113,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Target Hospitality by 15.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock worth $119,000 after acquiring an additional 1,650 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TH has been the subject of a number of recent research reports. Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and lifted their price target for the company from $7.50 to $11.00 in a research report on Tuesday, August 19th. Wall Street Zen upgraded shares of Target Hospitality from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $13.00.

Target Hospitality Price Performance

NASDAQ TH traded up $0.15 on Thursday, reaching $9.03. The company had a trading volume of 578,553 shares, compared to its average volume of 488,120. The stock has a market capitalization of $901.01 million, a PE ratio of 90.30 and a beta of 1.92. Target Hospitality Corp. has a 12 month low of $4.00 and a 12 month high of $11.10. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The firm's 50 day moving average price is $7.84 and its 200 day moving average price is $7.20.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). The firm had revenue of $61.61 million for the quarter, compared to analysts' expectations of $56.43 million. Target Hospitality had a net margin of 3.58% and a return on equity of 3.26%. Target Hospitality has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current 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.