American Century Companies Inc. Increases Holdings in Target Hospitality Corp. $TH

Key Points

• American Century Companies Inc. increased its stake in Target Hospitality Corp. by 16.7%, owning 811,184 shares valued at approximately $5.34 million as of its latest filing.
• The company's stock analysis shows a 52-week range between $4.00 and $11.10, with a recent price of $9.03, reflecting a 1.7% increase.
• Several analysts have enhanced their ratings on Target Hospitality, with Stifel Nicolaus raising its target price from $7.50 to $11.00 and projecting a consensus price target of $13.00.

American Century Companies Inc. raised its stake in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 16.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 811,184 shares of the company's stock after buying an additional 115,868 shares during the quarter. American Century Companies Inc. owned 0.82% of Target Hospitality worth $5,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TH. Conversant Capital LLC grew its stake in Target Hospitality by 2.1% in the fourth quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock valued at $47,253,000 after purchasing an additional 100,000 shares in the last quarter. Empyrean Capital Partners LP bought a new position in Target Hospitality in the fourth quarter valued at approximately $9,781,000. Teacher Retirement System of Texas boosted its stake in shares of Target Hospitality by 59.6% during the 1st quarter. Teacher Retirement System of Texas now owns 446,649 shares of the company's stock worth $2,939,000 after acquiring an additional 166,815 shares during the period. Pacer Advisors Inc. bought a new position in shares of Target Hospitality during the 1st quarter worth approximately $2,812,000. Finally, Northern Trust Corp boosted its stake in shares of Target Hospitality by 4.7% during the 4th quarter. Northern Trust Corp now owns 336,103 shares of the company's stock worth $3,248,000 after acquiring an additional 15,155 shares during the period. Institutional investors and hedge funds own 32.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TH shares. Stifel Nicolaus upgraded Target Hospitality from a "hold" rating to a "buy" rating and lifted their target price for the stock from $7.50 to $11.00 in a research note on Tuesday, August 19th. Wall Street Zen upgraded Target Hospitality from a "sell" rating to a "hold" rating in a research note 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. According to data from MarketBeat.com, Target Hospitality currently has a consensus rating of "Buy" and an average price target of $13.00.

Target Hospitality Stock Performance

Shares of TH traded down $0.11 on Wednesday, reaching $8.80. 347,160 shares of the company's stock traded hands, compared to its average volume of 502,890. 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 cap of $878.06 million, a PE ratio of 88.00 and a beta of 2.00. The stock's 50 day simple moving average is $7.99 and its two-hundred day simple moving average is $7.19. Target Hospitality Corp. has a 52-week low of $4.00 and a 52-week high of $11.10.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations 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, analysts forecast that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Target Hospitality 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.