Target Hospitality Target of Unusually Large Options Trading (NASDAQ:TH)

Target Hospitality Corp. (NASDAQ:TH) saw some unusual options trading activity on Wednesday. Stock traders acquired 2,643 call options on the company. This is an increase of approximately 49% compared to the typical volume of 1,773 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a research note on Monday. Northland Securities raised Target Hospitality from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Finally, Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th.

Institutional Investors Weigh In On Target Hospitality

A number of hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Target Hospitality by 28.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,089 shares of the company’s stock valued at $977,000 after purchasing an additional 22,355 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Target Hospitality in the 4th quarter worth $105,000. Two Sigma Investments LP raised its holdings in shares of Target Hospitality by 280.0% during the 4th quarter. Two Sigma Investments LP now owns 129,161 shares of the company’s stock worth $1,248,000 after acquiring an additional 95,167 shares during the period. Shay Capital LLC acquired a new position in shares of Target Hospitality during the 4th quarter valued at about $2,667,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Target Hospitality in the fourth quarter valued at about $258,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Price Performance

Target Hospitality stock traded up $0.18 during midday trading on Wednesday, reaching $6.97. The company had a trading volume of 203,004 shares, compared to its average volume of 593,583. Target Hospitality has a 12-month low of $4.00 and a 12-month high of $11.84. The firm’s fifty day simple moving average is $7.56 and its 200-day simple moving average is $8.30. The company has a market capitalization of $689.62 million, a P/E ratio of 8.03, a P/E/G ratio of 1.81 and a beta of 2.15.

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

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.