Traders Purchase High Volume of Target Hospitality Call Options (NASDAQ:TH)

Target Hospitality Corp. (NASDAQ:TH) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 14,136 call options on the stock. This is an increase of approximately 1,244% compared to the average volume of 1,052 call options.

Target Hospitality Stock Performance

TH stock opened at $8.20 on Friday. Target Hospitality has a one year low of $6.11 and a one year high of $16.73. The firm has a market cap of $822.30 million, a price-to-earnings ratio of 6.03, a PEG ratio of 0.80 and a beta of 2.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.78. The firm has a 50-day simple moving average of $10.35 and a two-hundred day simple moving average of $9.90.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Wednesday, May 8th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The firm had revenue of $106.70 million for the quarter, compared to the consensus estimate of $101.97 million. Target Hospitality had a return on equity of 41.41% and a net margin of 27.37%. The firm’s revenue for the quarter was down 27.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. On average, equities analysts forecast that Target Hospitality will post 0.62 EPS for the current fiscal year.

Institutional Trading of Target Hospitality

Several institutional investors have recently bought and sold shares of the business. Naples Money Management LLC purchased a new stake in Target Hospitality during the 4th quarter worth approximately $32,000. Tower Research Capital LLC TRC raised its stake in Target Hospitality by 664.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,849 shares of the company’s stock valued at $47,000 after purchasing an additional 4,215 shares during the last quarter. Denali Advisors LLC purchased a new position in Target Hospitality in the 4th quarter valued at $91,000. Covestor Ltd grew its holdings in shares of Target Hospitality by 13.9% during the first quarter. Covestor Ltd now owns 8,925 shares of the company’s stock worth $97,000 after buying an additional 1,092 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of Target Hospitality in the first quarter valued at about $122,000. 32.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TH has been the subject of a number of research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th. Oppenheimer reduced their price objective on Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th.

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.