427,415 Shares in Target Hospitality Corp. (NASDAQ:TH) Purchased by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. has acquired a new stake in Target Hospitality Corp., purchasing 427,415 shares valued at approximately $2.81 million.
• In recent rating updates, Wall Street Zen upgraded Target Hospitality from a "sell" to a "hold" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• Target Hospitality reported a revenue of $69.90 million in its latest quarter, although it missed EPS expectations, with a decrease of 34.5% compared to the same quarter last year.

Pacer Advisors Inc. bought a new position in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 427,415 shares of the company's stock, valued at approximately $2,812,000. Pacer Advisors Inc. owned 0.43% of Target Hospitality as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC raised its stake in Target Hospitality by 37.9% in the first quarter. Exchange Traded Concepts LLC now owns 41,942 shares of the company's stock worth $276,000 after buying an additional 11,536 shares in the last quarter. Teacher Retirement System of Texas raised its stake in 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. Arrowstreet Capital Limited Partnership raised its stake in Target Hospitality by 32.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company's stock worth $9,749,000 after buying an additional 245,252 shares in the last quarter. Fortitude Advisory Group L.L.C. purchased a new position in Target Hospitality in the first quarter worth $334,000. Finally, Dimensional Fund Advisors LP grew its holdings in Target Hospitality by 420.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company's stock worth $1,927,000 after purchasing an additional 161,036 shares during the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Price Performance

Shares of TH traded down $0.16 during mid-day trading on Friday, hitting $7.43. 209,211 shares of the company were exchanged, compared to its average volume of 267,781. The stock has a market cap of $738.24 million, a price-to-earnings ratio of 17.28 and a beta of 1.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.97 and a current ratio of 1.97. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.10. The company has a 50 day moving average of $7.38 and a 200-day moving average of $7.40.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Target Hospitality had a net margin of 12.71% and a return on equity of 11.34%. The firm had revenue of $69.90 million during the quarter, compared to analysts' expectations of $65.37 million. During the same period last year, the company earned $0.20 EPS. The business's quarterly revenue was down 34.5% on a year-over-year basis. Analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Target Hospitality from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.25.

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.