target hospitality corp. operates as a specialty rental and hospitality services company in the united states. the company operates through three segments: permian basin, bakken basin, and government. it owns a network of specialty rental accommodation units with approximately 13,800 beds across 25 sites. the company owns and operates 26 communities in the permian and bakken basins. it serves investment grade oil and gas companies, energy infrastructure companies, and u.s. government and government contractors. the company is headquartered in the woodlands, texas.
Company profile
Ticker
TH
Exchange
Website
CEO
James Bradley Archer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Platinum Eagle Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
Topaz Holdings LLC • Arrow Bidco, LLC • RL Signor Holdings LLC • Target Logistics Management LLC • TLM Equipment, LLC • US Iron Bidco, LLC • Chard Camp Catering Services Ltd. • Target Management Canada, Ltd. • Algeco Canada Inc. ...
TH stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
8 May 24
8-K
Target Hospitality Reports Strong First Quarter 2024 Results Centered on Strength of Core Service Offering Further Enhancing Financial Position
8 May 24
ARS
2023 FY
Annual report to shareholders
10 Apr 24
DEFA14A
Additional proxy soliciting materials
10 Apr 24
DEF 14A
Definitive proxy
10 Apr 24
8-K
Target Hospitality Receives Buyout Offer from TDR Capital
25 Mar 24
25-NSE
Exchange delisting
13 Mar 24
10-K
2023 FY
Annual report
13 Mar 24
8-K
Results of Operations and Financial Condition
13 Mar 24
8-K/A
Departure of Directors or Certain Officers
5 Mar 24
Transcripts
TH
Earnings call transcript
2024 Q1
8 May 24
TH
Earnings call transcript
2023 Q4
13 Mar 24
TH
Earnings call transcript
2023 Q3
8 Nov 23
TH
Earnings call transcript
2023 Q2
9 Aug 23
TH
Earnings call transcript
2023 Q2
9 Aug 23
TH
Earnings call transcript
2023 Q1
9 May 23
TH
Earnings call transcript
2023 Q1
9 May 23
TH
Earnings call transcript
2022 Q4
10 Mar 23
TH
Earnings call transcript
2022 Q3
9 Nov 22
TH
Earnings call transcript
2022 Q2
14 Aug 22
Latest ownership filings
4
Jason Paul Vlacich
15 Apr 24
4
Heidi Diane Lewis
10 Apr 24
4
Troy C. Schrenk
10 Apr 24
4
James B. Archer
5 Apr 24
144
Notice of proposed sale of securities
4 Apr 24
144
Notice of proposed sale of securities
4 Apr 24
144
Notice of proposed sale of securities
4 Apr 24
144
Notice of proposed sale of securities
3 Apr 24
SC 13G
Conversant Capital LLC
26 Mar 24
144
Notice of proposed sale of securities
26 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 105.10 mm | 105.10 mm | 105.10 mm | 105.10 mm | 105.10 mm | 105.10 mm |
Cash burn (monthly) | (no burn) | 5.99 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 45.67 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 59.43 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 9.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 2 |
Closed positions | 142 |
Increased positions | 2 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 4.97 bn |
Total shares | 130.07 mm |
Total puts | 18.50 k |
Total calls | 47.60 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Dale Manjit | 64.79 mm | $152.25 mm |
TDR Capital II Investments | 64.79 mm | $61.02 mm |
Nordea Investment Management Ab | 235.62 k | $2.31 bn |
Equitable Trust | 137.11 k | $1.33 bn |
Crestmont Private Wealth | 46.20 k | $449.53 mm |
Exchange Traded Concepts | 43.32 k | $421.50 mm |
Mirae Asset Global Investments | 15.06 k | $146.50 mm |
Denali Advisors | 9.40 k | $91.46 mm |
Cutler | 5.46 k | $53.00 k |
New York State Teachers Retirement System | 2.78 k | $27.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Apr 24 | Jason Paul Vlacich | Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 10.71 | 54,348 | 582.07 k | 55,190 |
12 Apr 24 | Jason Paul Vlacich | Common Stock, par value $0.0001 per share | Option exercise | Acquire M | No | No | 1.79 | 54,348 | 97.28 k | 109,538 |
12 Apr 24 | Jason Paul Vlacich | Stock Appreciation Rights Common Stock | Option exercise | Dispose M | No | No | 1.79 | 54,348 | 97.28 k | 0 |
9 Apr 24 | Troy C. Schrenk | Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 10.9 | 108,695 | 1.18 mm | 93,158 |
9 Apr 24 | Troy C. Schrenk | Common Stock, par value $0.0001 per share | Option exercise | Acquire M | No | No | 1.79 | 108,695 | 194.56 k | 201,853 |
9 Apr 24 | Troy C. Schrenk | Stock Appreciation Rights Common Stock | Option exercise | Dispose M | No | No | 1.79 | 108,695 | 194.56 k | 0 |
9 Apr 24 | Heidi Diane Lewis | Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 10.9 | 54,348 | 592.39 k | 122,863 |
9 Apr 24 | Heidi Diane Lewis | Common Stock, par value $0.0001 per share | Option exercise | Acquire M | No | No | 1.79 | 54,348 | 97.28 k | 177,211 |
9 Apr 24 | Heidi Diane Lewis | Stock Appreciation Rights Common Stock | Option exercise | Dispose M | No | No | 1.79 | 54,348 | 97.28 k | 0 |
4 Apr 24 | James B. Archer | Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 10.91 | 217,739 | 2.38 mm | 1,455,699 |
News
Target Hospitality Reiterates Preliminary 2024 Outlook, Excluding Acquisitions, With Total Revenue Of $410M-$425M, Est $413.43M
8 May 24
Target Hospitality Q1 2024 GAAP EPS $0.20 Beats $0.15 Estimate, Sales $106.672M Beat $101.967M Estimate
8 May 24
Target Hospitality Reports Formation Of Special Committee Comprised Of Independent Directors
29 Apr 24
12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session
18 Apr 24
Tesla To $180? Here Are 10 Top Analyst Forecasts For Friday
12 Apr 24
Press releases
Target Hospitality Reports Strong First Quarter 2024 Results Centered on Strength of Core Service Offering Further Enhancing Financial Position
8 May 24
Target Hospitality Announces First Quarter 2024 Earnings Release and Conference Call Schedule
3 May 24
TARGET HOSPITALITY ANNOUNCES FORMATION OF A SPECIAL COMMITTEE OF INDEPENDENT MEMBERS OF ITS BOARD OF DIRECTORS
29 Apr 24
Target Hospitality Announces Partnership with Chard Métis Dene Group
12 Apr 24
Target Hospitality Receives Buyout Offer from TDR Capital
25 Mar 24