Target Hospitality Corp. (NASDAQ:TH) Short Interest Update

Target Hospitality Corp. (NASDAQ:TH) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,600,000 shares, a growth of 41.6% from the January 31st total of 1,130,000 shares. Currently, 5.0% of the company’s stock are sold short. Based on an average trading volume of 736,900 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On Target Hospitality

Hedge funds have recently bought and sold shares of the company. Conversant Capital LLC raised its position in Target Hospitality by 2.1% in the fourth quarter. Conversant Capital LLC now owns 4,889,046 shares of the company’s stock worth $47,253,000 after acquiring an additional 100,000 shares during the period. Vanguard Group Inc. boosted its position in Target Hospitality by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company’s stock worth $18,995,000 after purchasing an additional 79,561 shares during the period. HighTower Advisors LLC increased its stake in shares of Target Hospitality by 10.1% in the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after purchasing an additional 134,966 shares in the last quarter. Empyrean Capital Partners LP bought a new stake in shares of Target Hospitality in the fourth quarter valued at approximately $9,781,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Target Hospitality by 32.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock valued at $9,749,000 after buying an additional 245,252 shares in the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a research report on Thursday, November 14th. Northland Capmk upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $11.00 to $15.00 in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus decreased their target price on shares of Target Hospitality from $10.00 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, February 26th.

Target Hospitality Stock Down 1.1 %

Shares of NASDAQ:TH opened at $5.55 on Tuesday. The business’s 50 day moving average is $9.19 and its 200 day moving average is $8.86. Target Hospitality has a 12-month low of $4.00 and a 12-month high of $11.84. The stock has a market cap of $549.12 million, a price-to-earnings ratio of 6.38, a PEG ratio of 1.81 and a beta of 2.07.

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.