Target Hospitality (NASDAQ:TH) Trading Down 3.4%

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Oppenheimer reduced their price objective 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. Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 price target (down previously from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th.

Target Hospitality Trading Down 1.6 %

The stock has a market capitalization of $734.05 million, a P/E ratio of 5.39, a PEG ratio of 0.80 and a beta of 2.09. The stock’s fifty day moving average price is $10.46 and its 200 day moving average price is $9.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.78 and a quick ratio of 2.78.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.20 earnings per share 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 firm had revenue of $106.70 million during the quarter, compared to the consensus estimate of $101.97 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s revenue was down 27.8% on a year-over-year basis. Research analysts forecast that Target Hospitality Corp. will post 0.62 earnings per share for the current year.

Institutional Trading of Target Hospitality

A number of hedge funds have recently bought and sold shares of TH. Covestor Ltd grew its position in shares of Target Hospitality by 13.9% in the 1st quarter. Covestor Ltd now owns 8,925 shares of the company’s stock worth $97,000 after buying an additional 1,092 shares during the last quarter. Swiss National Bank increased its position in shares of Target Hospitality by 1.6% during the third quarter. Swiss National Bank now owns 78,000 shares of the company’s stock worth $1,239,000 after purchasing an additional 1,200 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Target Hospitality by 2.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 57,264 shares of the company’s stock valued at $557,000 after purchasing an additional 1,207 shares during the last quarter. Troluce Capital Advisors LLC boosted 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 worth $1,343,000 after purchasing an additional 1,407 shares in the last quarter. Finally, AdvisorShares Investments LLC boosted its position in shares of Target Hospitality by 15.4% in the 4th quarter. AdvisorShares Investments LLC now owns 16,965 shares of the company’s stock worth $165,000 after purchasing an additional 2,264 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

About Target Hospitality

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.