Philadelphia Financial Management of San Francisco LLC Takes Position in Target Hospitality Corp. $TH

Key Points

• Philadelphia Financial Management of San Francisco LLC invested approximately $11.44 million in Target Hospitality Corp., acquiring 1,738,716 shares, which makes up about 2.2% of their total holdings.
• Research analysts have recently upgraded Target Hospitality's stock ratings, with an average target price of **$13.00** and several analysts recommending it as a **"Buy".**
• Target Hospitality reported a revenue of $61.61 million last quarter, exceeding expectations, although it posted a loss of **($0.15) EPS**, missing estimates by **($0.04)**.

Philadelphia Financial Management of San Francisco 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 1,738,716 shares of the company's stock, valued at approximately $11,441,000. Target Hospitality makes up about 2.2% of Philadelphia Financial Management of San Francisco LLC's investment portfolio, making the stock its 19th largest position. Philadelphia Financial Management of San Francisco LLC owned 1.75% of Target Hospitality as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. SummerHaven Investment Management LLC boosted its holdings in Target Hospitality by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 89,337 shares of the company's stock valued at $588,000 after acquiring an additional 1,493 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Target Hospitality by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock worth $119,000 after purchasing an additional 1,650 shares during the period. Deutsche Bank AG raised its stake in Target Hospitality by 7.1% during the 1st quarter. Deutsche Bank AG now owns 41,403 shares of the company's stock worth $272,000 after buying an additional 2,741 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Target Hospitality by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 280,627 shares of the company's stock worth $1,847,000 after acquiring an additional 3,070 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Target Hospitality by 10.1% in the first quarter. Invesco Ltd. now owns 50,074 shares of the company's stock valued at $329,000 after acquiring an additional 4,607 shares during the period. 32.40% of the stock is owned by institutional investors.

Target Hospitality Trading Down 0.5%

TH traded down $0.04 during trading on Tuesday, reaching $8.71. 189,713 shares of the company's stock were exchanged, compared to its average volume of 434,295. Target Hospitality Corp. has a one year low of $4.00 and a one 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 stock has a market capitalization of $869.08 million, a PE ratio of 72.92 and a beta of 2.00. The firm has a fifty day moving average price of $8.08 and a two-hundred day moving average price of $7.14.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly 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). The business had revenue of $61.61 million for the quarter, compared to analyst estimates of $56.43 million. Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%. Target Hospitality has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. 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 shares of Target Hospitality from a "hold" rating to a "buy" rating and raised their target price for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Target Hospitality currently has an average rating of "Buy" and an average price target of $13.00.

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.