Teacher Retirement System of Texas Boosts Stock Position in Target Hospitality Corp. (NASDAQ:TH)

Teacher Retirement System of Texas grew its stake in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 59.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 about 0.45% of Target Hospitality worth $2,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TH. AlphaQuest LLC raised its holdings in Target Hospitality by 275.9% in the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock worth $44,000 after purchasing an additional 3,360 shares in the last quarter. Maridea Wealth Management LLC purchased a new position in Target Hospitality in the 4th quarter valued at $103,000. Two Sigma Advisers LP purchased a new position in Target Hospitality in the 4th quarter valued at $105,000. XTX Topco Ltd purchased a new position in shares of Target Hospitality during the 4th quarter worth $113,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 1,650 shares during the period. Hedge funds and other institutional investors own 32.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TH. Stifel Nicolaus boosted their target price 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 upgraded Target Hospitality from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.

Target Hospitality Trading Down 1.2%

Shares of Target Hospitality stock traded down $0.10 during trading on Friday, reaching $8.01. 302,944 shares of the company were exchanged, compared to its average volume of 551,407. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.10. Target Hospitality Corp. has a twelve month low of $4.00 and a twelve month high of $11.10. The business has a 50-day moving average price of $7.21 and a 200-day moving average price of $7.59. The firm has a market capitalization of $795.87 million, a price-to-earnings ratio of 18.63 and a beta of 1.83.

Target Hospitality (NASDAQ:TH - Get Free Report) last released 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). The business had revenue of $69.90 million during the quarter, compared to the consensus estimate of $65.37 million. Target Hospitality had a net margin of 12.71% and a return on equity of 11.34%. Target Hospitality's quarterly revenue was down 34.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. Sell-side analysts anticipate that Target Hospitality Corp. will post 0.65 EPS 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.