Stock Traders Purchase High Volume of Call Options on Target Hospitality (NASDAQ:TH)

Target Hospitality Corp. (NASDAQ:TH – Get Free Report) was the target of unusually large options trading on Wednesday. Traders acquired 11,258 call options on the stock. This represents an increase of 1,958% compared to the average daily volume of 547 call options.

Insider Buying and Selling

In related news, CEO James Archer acquired 13,385 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average cost of $18.69 per share, with a total value of $250,165.65. Following the acquisition, the chief executive officer directly owned 1,845,441 shares in the company, valued at $34,491,292.29. This represents a 0.73% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Troy Schrenk acquired 5,907 shares of Target Hospitality stock in a transaction dated Friday, September 18th. The shares were bought at an average price of $21.16 per share, for a total transaction of $124,992.12. Following the transaction, the insider owned 216,995 shares of the company’s stock, valued at approximately $4,591,614.20. The trade was a 2.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TH. HighTower Advisors LLC increased its stake in Target Hospitality by 4.3% during the third quarter. HighTower Advisors LLC now owns 1,922,248 shares of the company’s stock worth $37,907,000 after acquiring an additional 79,981 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Target Hospitality by 71.5% in the 3rd quarter. Royce & Associates LP now owns 898,625 shares of the company’s stock valued at $17,721,000 after purchasing an additional 374,684 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Target Hospitality by 347.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 323,806 shares of the company’s stock worth $6,385,000 after purchasing an additional 251,473 shares during the period. Calamos Advisors LLC boosted its holdings in shares of Target Hospitality by 230.7% in the 3rd quarter. Calamos Advisors LLC now owns 201,731 shares of the company’s stock worth $3,978,000 after purchasing an additional 140,730 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Target Hospitality by 273.0% in the 3rd quarter. State of Wyoming now owns 34,902 shares of the company’s stock worth $688,000 after purchasing an additional 25,544 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Price Performance

Target Hospitality stock opened at $11.80 on Thursday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -25.65 and a beta of 1.56. The firm’s fifty day moving average is $17.06 and its 200 day moving average is $14.86. The company has a quick ratio of 0.65, a current ratio of 0.45 and a debt-to-equity ratio of 0.68. Target Hospitality has a 52-week low of $6.10 and a 52-week high of $21.76.

Target Hospitality (NASDAQ:TH – Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.09) EPS for the quarter. Target Hospitality had a negative return on equity of 12.29% and a negative net margin of 12.23%. The business had revenue of $129.06 million during the quarter, compared to analysts’ expectations of $118.35 million. Sell-side analysts forecast that Target Hospitality will post -0.04 EPS for the current fiscal year.

More Target Hospitality News

Investors following TH have been watching these news items:

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TH shares. Deutsche Bank reaffirmed a “buy” rating and set a $23.00 target price on shares of Target Hospitality in a research note on Thursday, August 27th. Stifel Nicolaus set a $26.00 price target on shares of Target Hospitality in a research note on Thursday, August 27th. Northland Securities set a $25.00 price objective on shares of Target Hospitality in a report on Thursday, August 27th. Oppenheimer raised their price objective on Target Hospitality from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 8th. Finally, Weiss Ratings lowered Target Hospitality from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Target Hospitality currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.20.

View Our Latest Stock Analysis on Target Hospitality

About Target Hospitality

(Get Free Report)

Target Hospitality Corporation provides modular accommodations and hospitality services for workers and other groups who need lodging near remote or specialized locations. Its services include lodging, dining, housekeeping, laundry, and recreation, with facilities designed to support extended stays. The company serves customers in industries such as energy and natural resources, as well as government clients. Its operations are primarily in the United States, including locations in the Permian Basin and other areas where traditional lodging may be limited.

Further Reading

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