Teacher Retirement System of Texas Increases Holdings in Target Hospitality Corp. (NASDAQ:TH)

Teacher Retirement System of Texas lifted its stake in Target Hospitality Corp. (NASDAQ:TH - Free Report) by 59.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 446,649 shares of the company's stock after buying an additional 166,815 shares during the period. Teacher Retirement System of Texas owned approximately 0.45% of Target Hospitality worth $2,939,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AlphaQuest LLC grew its position in Target Hospitality by 275.9% during the 4th quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock worth $44,000 after purchasing an additional 3,360 shares during the last quarter. Maridea Wealth Management LLC purchased a new position in Target Hospitality during the 4th quarter worth $103,000. Two Sigma Advisers LP purchased a new position in Target Hospitality during the 4th quarter worth $105,000. XTX Topco Ltd purchased a new position in Target Hospitality during the 4th quarter worth $113,000. Finally, Price T Rowe Associates Inc. MD grew its position in Target Hospitality by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock worth $119,000 after purchasing an additional 1,650 shares during the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Stock Performance

Shares of Target Hospitality stock traded up $0.18 on Thursday, reaching $8.17. 101,275 shares of the stock were exchanged, compared to its average volume of 549,335. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.10. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average price of $7.17 and a two-hundred day moving average price of $7.62. The firm has a market capitalization of $811.27 million, a PE ratio of 19.01 and a beta of 1.83.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). Target Hospitality had a return on equity of 11.34% and a net margin of 12.71%. The firm had revenue of $69.90 million for the quarter, compared to analyst estimates of $65.37 million. During the same quarter last year, the firm earned $0.20 earnings per share. The company's revenue was down 34.5% compared to the same quarter last year. As a group, research analysts anticipate that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Target Hospitality from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Stifel Nicolaus raised their price objective on shares of Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a research report on Monday, March 31st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.25.

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.