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 stake in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 87,749 shares of the company's stock, valued at approximately $577,000. Nuveen LLC owned approximately 0.09% of Target Hospitality at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TH. Empyrean Capital Partners LP purchased a new stake in shares of Target Hospitality during the fourth quarter worth about $9,781,000. Pacer Advisors Inc. purchased a new stake in shares of Target Hospitality in the 1st quarter worth approximately $2,812,000. Shay Capital LLC acquired a new stake in shares of Target Hospitality in the fourth quarter worth $2,667,000. Teacher Retirement System of Texas lifted its stake in shares of Target Hospitality by 59.6% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Target Hospitality by 420.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company's stock valued at $1,927,000 after acquiring an additional 161,036 shares during the period. 32.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TH shares. Wall Street Zen raised Target Hospitality from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Stifel Nicolaus upgraded Target Hospitality from a "hold" rating to a "buy" rating and boosted their price target for the stock from $7.50 to $11.00 in a report 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Target Hospitality has an average rating of "Buy" and an average target price of $13.00.

Target Hospitality Price Performance

NASDAQ TH traded down $0.16 on Monday, reaching $8.63. 92,750 shares of the stock traded hands, compared to its average volume of 595,334. 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 company has a market cap of $860.60 million, a price-to-earnings ratio of 86.25 and a beta of 2.00. The firm's fifty day simple moving average is $8.05 and its 200 day simple moving average is $7.14.

Target Hospitality (NASDAQ:TH - Get Free Report) last released 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 the consensus estimate of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, research analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current fiscal 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.