Target Hospitality (NASDAQ:TH) Sees Large Volume Increase – What’s Next?

Target Hospitality Corp. (NASDAQ:TH) saw unusually-strong trading volume on Monday . Approximately 465,178 shares traded hands during trading, a decline of 26% from the previous session’s volume of 628,566 shares.The stock last traded at $15.0410 and had previously closed at $14.84.

Analysts Set New Price Targets

Several research analysts have recently commented on TH shares. Texas Capital raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Stifel Nicolaus reissued a “buy” rating and issued a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a research note on Monday, April 6th. Oppenheimer raised their price objective on shares of Target Hospitality from $11.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Target Hospitality Price Performance

The business’s 50 day moving average is $10.08 and its 200-day moving average is $8.46. The company has a market cap of $1.59 billion, a PE ratio of -41.84 and a beta of 1.12.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%.The firm had revenue of $89.78 million during the quarter, compared to analysts’ expectations of $85.20 million. As a group, sell-side analysts predict that Target Hospitality Corp. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Target Hospitality

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in Target Hospitality by 88.0% during the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after purchasing an additional 1,873 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Target Hospitality by 121.5% during the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after purchasing an additional 2,465 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Target Hospitality during the third quarter worth approximately $44,000. Tripletail Wealth Management LLC acquired a new stake in Target Hospitality during the third quarter worth approximately $55,000. Finally, FourThought Financial Partners LLC acquired a new stake in Target Hospitality during the third quarter worth approximately $95,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.