Target Hospitality Corp. (NASDAQ:TH) Shares Purchased by Teacher Retirement System of Texas

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

A number of other hedge funds have also recently made changes to their positions in the business. Empyrean Capital Partners LP bought a new position in shares of Target Hospitality in the fourth quarter worth approximately $9,781,000. Shay Capital LLC bought a new position in shares of Target Hospitality in the 4th quarter worth approximately $2,667,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Target Hospitality by 32.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company's stock valued at $9,749,000 after buying an additional 245,252 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Target Hospitality by 420.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company's stock valued at $1,927,000 after purchasing an additional 161,036 shares during the last quarter. Finally, Rangeley Capital LLC bought a new stake in shares of Target Hospitality in the 4th quarter valued at approximately $1,395,000. 32.40% of the stock is currently owned by institutional investors.

Target Hospitality Price Performance

Shares of TH stock traded up $0.27 during midday trading on Wednesday, reaching $7.99. 477,899 shares of the company traded hands, compared to its average volume of 550,316. The firm's 50 day simple moving average is $7.15 and its two-hundred day simple moving average is $7.62. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $793.89 million, a PE ratio of 18.58 and a beta of 1.83.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted 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 net margin of 12.71% and a return on equity of 11.34%. The company had revenue of $69.90 million for the quarter, compared to analyst estimates of $65.37 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. Target Hospitality's revenue was down 34.5% on a year-over-year basis. On average, equities research analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TH shares. Stifel Nicolaus lifted their price target on Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a report on Monday, March 31st. Wall Street Zen raised Target Hospitality from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.

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.