Inspire Investing LLC Purchases Shares of 52,240 Target Hospitality Corp. $TH

Key Points

• Inspire Investing LLC has invested $344,000 in Target Hospitality Corp., acquiring 52,240 shares, representing approximately 0.05% of the company.
• Target Hospitality reported a net revenue of $61.61 million for the last quarter, exceeding analyst expectations of $56.43 million, despite a loss of $0.15 per share.
• Analysts have varying opinions on Target Hospitality, with a recent report from Stifel Nicolaus upgrading their rating to a "buy" and increasing the price target from $7.50 to $11.00.

Inspire Investing LLC purchased a new position in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 52,240 shares of the company's stock, valued at approximately $344,000. Inspire Investing LLC owned approximately 0.05% of Target Hospitality as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP grew its stake in shares of Target Hospitality by 44.0% in the first quarter. Royce & Associates LP now owns 15,783 shares of the company's stock valued at $104,000 after buying an additional 4,819 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Target Hospitality in the fourth quarter valued at $105,000. EntryPoint Capital LLC bought a new position in shares of Target Hospitality in the first quarter valued at $108,000. AQR Capital Management LLC bought a new position in shares of Target Hospitality in the first quarter valued at $114,000. Finally, Strs Ohio bought a new position in shares of Target Hospitality in the first quarter valued at $131,000. 32.40% of the stock is owned by institutional investors.

Target Hospitality Stock Performance

Shares of TH traded up $0.07 during midday trading on Friday, reaching $8.66. 777,332 shares of the stock were exchanged, compared to its average volume of 334,893. Target Hospitality Corp. has a twelve month low of $4.00 and a twelve 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 company has a market cap of $864.09 million, a P/E ratio of 86.60 and a beta of 2.00. The stock's 50 day simple moving average is $8.28 and its 200 day simple moving average is $7.31.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its earnings results 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). Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%.The firm had revenue of $61.61 million for the quarter, compared to analyst estimates of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Target Hospitality Corp. will post 0.65 earnings per share for the current year.

Analyst Ratings Changes

TH has been the subject of several analyst reports. Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and raised their target price for the company from $7.50 to $11.00 in a research note on Tuesday, August 19th. Wall Street Zen downgraded Target Hospitality from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Target Hospitality currently has a consensus rating of "Buy" and an average price target of $13.00.

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.