Philadelphia Financial Management of San Francisco LLC Acquires New Shares 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 acquired a new position in Target Hospitality Corp. (NASDAQ:TH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 biggest position. Philadelphia Financial Management of San Francisco LLC owned about 1.75% of Target Hospitality as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of TH. Royce & Associates LP boosted its stake in Target Hospitality by 44.0% in the first quarter. Royce & Associates LP now owns 15,783 shares of the company's stock worth $104,000 after purchasing an additional 4,819 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Target Hospitality in the fourth quarter worth $105,000. EntryPoint Capital LLC bought a new stake in shares of Target Hospitality during the first quarter worth $108,000. AQR Capital Management LLC bought a new stake in shares of Target Hospitality during the first quarter worth $114,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Target Hospitality by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock worth $119,000 after acquiring an additional 1,650 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company's stock.

Target Hospitality Price Performance

Shares of TH traded down $0.01 during midday trading on Thursday, hitting $8.77. The company's stock had a trading volume of 179,464 shares, compared to its average volume of 589,912. Target Hospitality Corp. has a one year low of $4.00 and a one year high of $11.10. The company's fifty day simple moving average is $8.14 and its two-hundred day simple moving average is $7.16. 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 stock has a market capitalization of $875.07 million, a price-to-earnings ratio of 87.70 and a beta of 2.00.

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 (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TH. Stifel Nicolaus upgraded Target Hospitality from a "hold" rating to a "buy" rating and boosted their target price for the stock from $7.50 to $11.00 in a research report on Tuesday, August 19th. Wall Street Zen upgraded Target Hospitality from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price 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.