Target Hospitality Corp. $TH Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly increased its stake in Target Hospitality Corp. by 78.2% during Q1, now owning 73,835 shares valued at approximately $486,000.
• Target Hospitality reported a net loss of ($0.15) earnings per share for the last quarter, missing analysts' estimates while achieving revenue of $61.61 million.
• Analysts have updated their ratings on Target Hospitality, with one equity research analyst assigning a sell rating and an average target price of $11.25.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 78.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,835 shares of the company's stock after acquiring an additional 32,393 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Target Hospitality worth $486,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TH. Geode Capital Management LLC increased its holdings in Target Hospitality by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 861,693 shares of the company's stock valued at $8,330,000 after buying an additional 6,624 shares during the period. Wells Fargo & Company MN increased its holdings in Target Hospitality by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,394 shares of the company's stock valued at $149,000 after buying an additional 5,246 shares during the period. XTX Topco Ltd purchased a new position in Target Hospitality during the fourth quarter valued at approximately $113,000. Dimensional Fund Advisors LP increased its holdings in Target Hospitality by 420.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company's stock valued at $1,927,000 after buying an additional 161,036 shares during the period. Finally, Stifel Financial Corp purchased a new position in Target Hospitality during the fourth quarter valued at approximately $242,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Stock Performance

Shares of NASDAQ:TH traded up $0.15 on Friday, hitting $9.00. 539,593 shares of the company were exchanged, compared to its average volume of 455,555. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.10. The stock's 50 day moving average price is $7.69 and its 200 day moving average price is $7.19. 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 firm has a market capitalization of $898.02 million, a P/E ratio of 90.00 and a beta of 1.92.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%.The company had revenue of $61.61 million for the quarter, compared to analyst estimates of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. Sell-side analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TH shares. Wall Street Zen raised shares of Target Hospitality from a "sell" rating to a "hold" rating in a report on Friday. Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and lifted their price objective for the company from $7.50 to $11.00 in a report on Tuesday. One research 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 stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $13.00.

Target Hospitality Company Profile

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.