PDT Partners LLC Invests $1.16 Million in Target Hospitality Corp. $TH

Key Points

• PDT Partners LLC acquired 175,554 shares in Target Hospitality Corp., valued at approximately $1.15 million, bringing its ownership to 0.18% of the company.
• Target Hospitality's stock experienced a 1.2% decline, opening at $8.80 with a 52-week range of $4.00 to $11.10.
• Analysts have a consensus Buy rating on Target Hospitality, with an average target price of $13.00, following Stifel Nicolaus's upgrade to a buy rating.

PDT Partners LLC acquired a new position in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 175,554 shares of the company's stock, valued at approximately $1,155,000. PDT Partners LLC owned about 0.18% of Target Hospitality at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TH. Royal Bank of Canada grew its stake in Target Hospitality by 3,549.2% in the first quarter. Royal Bank of Canada now owns 43,863 shares of the company's stock valued at $289,000 after acquiring an additional 42,661 shares during the period. Kore Advisors LP acquired a new stake in Target Hospitality in the first quarter valued at approximately $1,589,000. Aristides Capital LLC acquired a new stake in Target Hospitality in the first quarter valued at approximately $332,000. EntryPoint Capital LLC purchased a new position in shares of Target Hospitality during the first quarter valued at approximately $108,000. Finally, American Century Companies Inc. boosted its holdings in Target Hospitality by 16.7% during the 1st quarter. American Century Companies Inc. now owns 811,184 shares of the company's stock worth $5,338,000 after acquiring an additional 115,868 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company's stock.

Analysts Set New Price Targets

TH has been the topic of a number of analyst reports. Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. Wall Street Zen raised Target Hospitality from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $13.00.

Target Hospitality Stock Performance

Target Hospitality stock traded down $0.18 during midday trading on Tuesday, reaching $8.57. The stock had a trading volume of 36,948 shares, compared to its average volume of 593,149. The firm's 50-day moving average price is $8.08 and its 200 day moving average price is $7.14. The firm has a market capitalization of $855.31 million, a PE ratio of 85.70 and a beta of 2.00. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Target Hospitality Corp. has a 12 month low of $4.00 and a 12 month high of $11.10.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced 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 business 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, research analysts predict that Target Hospitality Corp. will post 0.65 earnings per share 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.