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

Teacher Retirement System of Texas acquired a new stake in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 279,834 shares of the company's stock, valued at approximately $2,705,000. Teacher Retirement System of Texas owned 0.28% of Target Hospitality at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Target Hospitality by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company's stock valued at $2,113,000 after buying an additional 60,569 shares in the last quarter. HighTower Advisors LLC grew its stake in Target Hospitality by 10.1% during the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company's stock valued at $11,408,000 after acquiring an additional 134,966 shares in the last quarter. Geode Capital Management LLC increased its holdings in Target Hospitality by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 855,069 shares of the company's stock valued at $6,654,000 after acquiring an additional 72,579 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Target Hospitality by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company's stock worth $292,000 after purchasing an additional 12,242 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Target Hospitality by 154.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company's stock valued at $651,000 after purchasing an additional 50,758 shares during the last quarter. Hedge funds and other institutional investors own 32.40% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Northland Capmk upgraded Target Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Stifel Nicolaus decreased their price objective on Target Hospitality from $10.00 to $5.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. Finally, Northland Securities raised shares of Target Hospitality from a "market perform" rating to an "outperform" rating and raised their target price for the company from $11.00 to $15.00 in a report on Wednesday, January 29th.

Target Hospitality Trading Down 1.2 %

Shares of NASDAQ:TH traded down $0.08 during trading on Friday, reaching $6.64. The company's stock had a trading volume of 737,780 shares, compared to its average volume of 594,975. The firm's 50 day simple moving average is $7.71 and its two-hundred day simple moving average is $8.35. Target Hospitality Corp. has a 12 month low of $4.00 and a 12 month high of $11.84. The stock has a market capitalization of $656.97 million, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $83.70 million during the quarter, compared to analyst estimates of $80.10 million. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The company's revenue for the quarter was down 33.7% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. Research 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.