American Century Companies Inc. Acquires 115,868 Shares of 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. lifted its position in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 16.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 811,184 shares of the company's stock after purchasing an additional 115,868 shares during the period. American Century Companies Inc. owned about 0.82% of Target Hospitality worth $5,338,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TH. Empyrean Capital Partners LP bought a new stake in Target Hospitality in the fourth quarter valued at $9,781,000. Pacer Advisors Inc. bought a new stake in Target Hospitality in the first quarter valued at $2,812,000. Shay Capital LLC bought a new stake in Target Hospitality in the fourth quarter valued at $2,667,000. Teacher Retirement System of Texas boosted its holdings in Target Hospitality by 59.6% in the first quarter. Teacher Retirement System of Texas now owns 446,649 shares of the company's stock valued at $2,939,000 after acquiring an additional 166,815 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Target Hospitality by 420.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company's stock valued at $1,927,000 after acquiring an additional 161,036 shares in the last quarter. Institutional investors own 32.40% of the company's stock.

Analysts Set New Price Targets

TH has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Target Hospitality from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Stifel Nicolaus upgraded shares of Target Hospitality from a "hold" rating to a "buy" rating and lifted their price target for the company 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 given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Target Hospitality has an average rating of "Buy" and an average target price of $13.00.

Target Hospitality Price Performance

Shares of TH traded up $0.04 during mid-day trading on Monday, hitting $9.07. 399,555 shares of the stock were exchanged, compared to its average volume of 514,501. The firm has a 50-day moving average of $7.88 and a two-hundred day moving average of $7.17. Target Hospitality Corp. has a 52-week low of $4.00 and a 52-week high of $11.10. The company has a market cap of $905.00 million, a PE ratio of 90.70 and a beta of 2.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.47 and a current ratio of 1.47.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share 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 company had revenue of $61.61 million for the quarter, compared to analysts' expectations of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. On average, equities analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current year.

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.