Target Hospitality (NASDAQ:TH) Stock Price Down 3.4%

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

Wall Street Analyst Weigh In

TH has been the topic of several research analyst reports. Oppenheimer cut their price target on shares of 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 reissued a “hold” rating and issued a $12.00 target price (down from $13.00) on shares of Target Hospitality in a research report on Friday, April 12th.

Target Hospitality Stock Performance

The stock has a market cap of $734.05 million, a PE ratio of 5.39, a P/E/G ratio of 0.80 and a beta of 2.09. The firm’s 50-day moving average is $10.46 and its 200 day moving average is $9.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.78.

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

Institutional Investors Weigh In On Target Hospitality

Several large investors have recently modified their holdings of TH. Vanguard Group Inc. boosted its holdings in Target Hospitality by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,801,234 shares of the company’s stock valued at $19,579,000 after purchasing an additional 26,796 shares in the last quarter. Voss Capital LLC purchased a new position in Target Hospitality in the fourth quarter worth $13,127,000. Tyro Capital Management LLC purchased a new position in Target Hospitality in the fourth quarter worth $11,284,000. Yarra Square Partners LP boosted its position in shares of Target Hospitality by 2.4% during the 4th quarter. Yarra Square Partners LP now owns 444,208 shares of the company’s stock worth $4,322,000 after purchasing an additional 10,208 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Target Hospitality by 31.5% during the 4th quarter. Nordea Investment Management AB now owns 235,623 shares of the company’s stock worth $2,311,000 after purchasing an additional 56,471 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

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.