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

Target Hospitality Corp. (NASDAQ:TH) saw unusually large options trading on Thursday. Stock traders bought 14,136 call options on the company. This represents an increase of 1,244% compared to the average volume of 1,052 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its holdings 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 in the last quarter. Swiss National Bank lifted its position in Target Hospitality by 1.6% in the 3rd quarter. Swiss National Bank now owns 78,000 shares of the company’s stock worth $1,239,000 after buying an additional 1,200 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Target Hospitality by 2.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 57,264 shares of the company’s stock worth $557,000 after buying an additional 1,207 shares during the last quarter. Troluce Capital Advisors LLC lifted its position in 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 buying an additional 1,407 shares during the last quarter. Finally, AdvisorShares Investments LLC lifted its position in 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 buying an additional 2,264 shares during the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TH shares. Oppenheimer lowered their price objective on Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Stifel Nicolaus restated a “hold” rating and issued a $12.00 price objective (down from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th.

Target Hospitality Stock Performance

Target Hospitality stock traded up $0.74 during midday trading on Thursday, reaching $8.15. The stock had a trading volume of 802,227 shares, compared to its average volume of 606,586. Target Hospitality has a 12 month low of $6.11 and a 12 month high of $16.73. The firm’s 50-day moving average price is $10.40 and its 200 day moving average price is $9.91. The firm has a market capitalization of $817.28 million, a PE ratio of 5.96, a P/E/G ratio of 0.80 and a beta of 2.09. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.48.

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