Target Hospitality Corp. $TH Shares Acquired 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. grew its holdings in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 78.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,835 shares of the company's stock after acquiring an additional 32,393 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of Target Hospitality worth $486,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Conversant Capital LLC boosted its holdings in shares of Target Hospitality by 2.1% in the 4th quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock valued at $47,253,000 after acquiring an additional 100,000 shares during the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of Target Hospitality in the 4th quarter valued at $9,781,000. Geode Capital Management LLC boosted 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 worth $8,330,000 after buying an additional 6,624 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Target Hospitality by 59.6% during 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. Finally, Pacer Advisors Inc. purchased a new stake in Target Hospitality during the first quarter worth $2,812,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TH. Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and increased their price target for the stock from $7.50 to $11.00 in a report on Tuesday. Wall Street Zen downgraded shares of Target Hospitality from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Target Hospitality presently has a consensus rating of "Buy" and an average target price of $13.00.

Target Hospitality Price Performance

TH traded up $0.1450 during midday trading on Friday, hitting $8.9950. 289,106 shares of the company traded hands, compared to its average volume of 610,713. 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 company has a market capitalization of $897.52 million, a price-to-earnings ratio of 89.95 and a beta of 1.92. Target Hospitality Corp. has a 52-week low of $4.00 and a 52-week high of $11.10. The business has a 50 day simple moving average of $7.65 and a two-hundred day simple moving average of $7.21.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). The business had revenue of $61.61 million during the quarter, compared to analyst estimates of $56.43 million. Target Hospitality had a net margin of 3.58% and a return on equity of 3.26%. Target Hospitality has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

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.