Target Hospitality (NASDAQ:TH) Sees Strong Trading Volume

Shares of Target Hospitality Corp. (NASDAQ:TH) saw strong trading volume on Friday . 259,546 shares were traded during mid-day 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.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 price target (down from $13.00) on shares of Target Hospitality in a research report on Friday, April 12th. Oppenheimer decreased 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 Stock Up 6.2 %

The company’s 50-day simple moving average is $10.30 and its two-hundred day simple moving average is $9.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.78 and a quick ratio of 2.78. The firm has a market capitalization of $873.44 million, a P/E ratio of 6.40, a P/E/G ratio of 0.89 and a beta of 2.09.

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

Institutional Trading of Target Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the company. Gotham Asset Management LLC grew its stake in Target Hospitality by 116.6% during the third quarter. Gotham Asset Management LLC now owns 27,079 shares of the company’s stock valued at $430,000 after acquiring an additional 14,579 shares in the last quarter. Alps Advisors Inc. grew its stake in Target Hospitality by 15.0% during the third quarter. Alps Advisors Inc. now owns 21,931 shares of the company’s stock valued at $348,000 after acquiring an additional 2,866 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Target Hospitality during the third quarter valued at $789,000. Vanguard Group Inc. grew its stake in Target Hospitality by 44.9% during the third quarter. Vanguard Group Inc. now owns 1,689,440 shares of the company’s stock valued at $26,828,000 after acquiring an additional 523,398 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in Target Hospitality during the fourth quarter valued at $422,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

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.