Target Hospitality (NASDAQ:TH) Stock Price Down 3.4%

Target Hospitality Corp. (NASDAQ:TH)’s share price dropped 3.4% during mid-day trading on Wednesday . The stock traded as low as $7.15 and last traded at $7.19. Approximately 98,403 shares were traded during trading, a decline of 84% from the average daily volume of 601,225 shares. The stock had previously closed at $7.44.

Analyst Ratings Changes

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

Target Hospitality Price Performance

The stock has a fifty day moving average of $10.35 and a two-hundred day moving average of $9.90. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $822.30 million, a price-to-earnings ratio of 6.03, a PEG ratio of 0.80 and a beta of 2.09.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Covestor Ltd grew 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 worth $97,000 after purchasing an additional 1,092 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Target Hospitality by 2.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 57,264 shares of the company’s stock valued at $557,000 after acquiring an additional 1,207 shares during the last quarter. Troluce Capital Advisors LLC raised its position in shares of Target Hospitality by 1.0% in the 4th quarter. Troluce Capital Advisors LLC now owns 138,044 shares of the company’s stock valued at $1,343,000 after acquiring an additional 1,407 shares during the period. AdvisorShares Investments LLC boosted its stake in Target Hospitality by 15.4% during the 4th quarter. AdvisorShares Investments LLC now owns 16,965 shares of the company’s stock worth $165,000 after acquiring an additional 2,264 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Target Hospitality by 10.6% during the fourth quarter. Victory Capital Management Inc. now owns 23,909 shares of the company’s stock valued at $233,000 after purchasing an additional 2,284 shares during the period. 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.