Teacher Retirement System of Texas Acquires 166,815 Shares of Target Hospitality Corp. (NASDAQ:TH)

Teacher Retirement System of Texas raised its holdings in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 59.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 about 0.45% of Target Hospitality worth $2,939,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TH. AlphaQuest LLC lifted its position in Target Hospitality by 275.9% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock valued at $44,000 after purchasing an additional 3,360 shares during the last quarter. Maridea Wealth Management LLC bought a new stake in shares of Target Hospitality in the 4th quarter worth about $103,000. Two Sigma Advisers LP purchased a new position in Target Hospitality in the 4th quarter worth about $105,000. XTX Topco Ltd purchased a new position in Target Hospitality in the 4th quarter worth about $113,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Target Hospitality by 15.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock worth $119,000 after buying an additional 1,650 shares during the period. 32.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Target Hospitality Trading Down 1.2%

Shares of Target Hospitality stock traded down $0.10 during trading hours on Friday, hitting $8.01. The company's stock had a trading volume of 302,944 shares, compared to its average volume of 662,639. Target Hospitality Corp. has a twelve month low of $4.00 and a twelve month high of $11.10. The firm has a fifty day moving average of $7.20 and a 200-day moving average of $7.61. The stock has a market cap of $795.87 million, a price-to-earnings ratio of 18.63 and a beta of 1.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.97 and a current ratio of 1.97.

Target Hospitality (NASDAQ:TH - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Target Hospitality had a return on equity of 11.34% and a net margin of 12.71%. The business had revenue of $69.90 million for the quarter, compared to analysts' expectations of $65.37 million. During the same period in the previous year, the business posted $0.20 earnings per share. The company's revenue for the quarter was down 34.5% on a year-over-year basis. Research analysts forecast that Target Hospitality Corp. will post 0.65 EPS 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.