Aristides Capital LLC Takes $332,000 Position 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 shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Conversant Capital LLC boosted its holdings in Target Hospitality by 2.1% during the fourth quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock valued at $47,253,000 after purchasing an additional 100,000 shares in the last quarter. Empyrean Capital Partners LP acquired a new stake in Target Hospitality during the fourth quarter valued at approximately $9,781,000. American Century Companies Inc. boosted its holdings in Target Hospitality by 16.7% during the first quarter. American Century Companies Inc. now owns 811,184 shares of the company's stock valued at $5,338,000 after purchasing an additional 115,868 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Target Hospitality by 59.6% during the first quarter. Teacher Retirement System of Texas now owns 446,649 shares of the company's stock valued at $2,939,000 after purchasing an additional 166,815 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in Target Hospitality during the first quarter valued at approximately $2,812,000. 32.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Target Hospitality from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Stifel Nicolaus upgraded shares of Target Hospitality from a "hold" rating to a "buy" rating and lifted their target price for the company from $7.50 to $11.00 in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $13.00.

Target Hospitality Price Performance

Shares of NASDAQ:TH traded up $0.04 during trading on Friday, reaching $9.07. The stock had a trading volume of 399,555 shares, compared to its average volume of 504,984. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.47. The business's 50-day moving average price is $7.88 and its 200 day moving average price is $7.18. Target Hospitality Corp. has a 52 week low of $4.00 and a 52 week high of $11.10. The stock has a market capitalization of $905.00 million, a PE ratio of 90.70 and a beta of 1.92.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%.The company had revenue of $61.61 million during the quarter, compared to the consensus estimate of $56.43 million. 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.

About Target Hospitality

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.