Target Hospitality (NASDAQ:TH) Sees Strong Trading Volume

Target Hospitality Corp. (NASDAQ:TH) saw unusually-high trading volume on Friday . Approximately 259,546 shares were traded during trading, a decline of 58% from the previous session’s volume of 611,222 shares.The stock last traded at $8.55 and had previously closed at $8.20.

Analyst Ratings Changes

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

Target Hospitality Stock Performance

The firm has a market cap of $873.44 million, a price-to-earnings ratio of 6.40, a price-to-earnings-growth ratio of 0.89 and a beta of 2.09. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $10.30 and a 200-day moving average price of $9.87.

Target Hospitality (NASDAQ:TH) last released its earnings results on Wednesday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Target Hospitality had a return on equity of 41.41% and a net margin of 27.37%. The business had revenue of $106.70 million for the quarter, compared to analyst estimates of $101.97 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down 27.8% compared to the same quarter last year. On average, analysts expect that Target Hospitality Corp. will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Target Hospitality

Several large investors have recently bought and sold shares of TH. Naples Money Management LLC acquired a new stake in Target Hospitality in the fourth quarter valued at $32,000. Tower Research Capital LLC TRC boosted its stake in shares of Target Hospitality by 664.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,849 shares of the company’s stock valued at $47,000 after acquiring an additional 4,215 shares during the last quarter. Denali Advisors LLC acquired a new stake in shares of Target Hospitality during the fourth quarter valued at $91,000. Covestor Ltd boosted its stake in shares of Target Hospitality by 13.9% during the first quarter. Covestor Ltd now owns 8,925 shares of the company’s stock valued at $97,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of Target Hospitality during the first quarter valued at $122,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Company 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.