Investors Buy High Volume of Target Hospitality Call Options (NASDAQ:TH)

Target Hospitality Corp. (NASDAQ:TH) was the target of some unusual options trading on Wednesday. Traders acquired 2,643 call options on the stock. This represents an increase of approximately 49% compared to the average volume of 1,773 call options.

Target Hospitality Price Performance

TH opened at $6.87 on Thursday. The firm has a market capitalization of $679.72 million, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. The company’s 50 day simple moving average is $7.49 and its two-hundred day simple moving average is $8.29. Target Hospitality has a 1-year low of $4.00 and a 1-year high of $11.84.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $80.10 million. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s quarterly revenue was down 33.7% on a year-over-year basis. On average, equities analysts anticipate that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Target Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC increased its holdings in Target Hospitality by 275.9% in the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock valued at $44,000 after buying an additional 3,360 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Target Hospitality during the 3rd quarter worth about $87,000. Maridea Wealth Management LLC purchased a new position in shares of Target Hospitality in the 4th quarter valued at about $103,000. Two Sigma Advisers LP acquired a new stake in shares of Target Hospitality during the 4th quarter worth about $105,000. Finally, XTX Topco Ltd purchased a new stake in Target Hospitality during the fourth quarter worth approximately $113,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TH shares. Northland Capmk upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $11.00 to $15.00 in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus upped their price objective on Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a research report on Monday.

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.