Nuveen LLC Invests $577,000 in Target Hospitality Corp. $TH

Key Points

• Nuveen LLC has acquired 87,749 shares of Target Hospitality Corp. for approximately $577,000, representing about 0.09% of the company's stock.
• Several other institutional investors have also increased their stakes in the company, with Teacher Retirement System of Texas boosting its stake by 59.6% and Dimensional Fund Advisors LP increasing theirs by 420.2%.
• Analysts have upgraded their ratings for Target Hospitality, with a consensus rating of "Buy" and an average price target of $13.00.

Nuveen LLC purchased a new position in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 87,749 shares of the company's stock, valued at approximately $577,000. Nuveen LLC owned approximately 0.09% of Target Hospitality as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Conversant Capital LLC boosted its stake in Target Hospitality by 2.1% during the fourth quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock worth $47,253,000 after buying an additional 100,000 shares during the last quarter. Empyrean Capital Partners LP acquired a new position in Target Hospitality during the fourth quarter worth $9,781,000. Teacher Retirement System of Texas boosted its stake 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 worth $2,939,000 after buying an additional 166,815 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Target Hospitality during the first quarter worth $2,812,000. Finally, Northern Trust Corp boosted its stake in Target Hospitality by 4.7% during the fourth quarter. Northern Trust Corp now owns 336,103 shares of the company's stock worth $3,248,000 after buying an additional 15,155 shares during the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Trading Down 1.3%

TH traded down $0.12 during mid-day trading on Tuesday, hitting $8.64. 23,505 shares of the stock were exchanged, compared to its average volume of 593,073. The firm's fifty day moving average is $8.08 and its two-hundred day moving average is $7.14. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.10. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.07. The company has a market cap of $861.60 million, a PE ratio of 86.35 and a beta of 2.00.

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

Analyst Upgrades and Downgrades

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

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.