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

Target Hospitality Corp. (NASDAQ:TH) was the recipient of unusually large options trading activity on Thursday. Traders bought 14,136 call options on the stock. This is an increase of 1,244% compared to the typical daily volume of 1,052 call options.

Target Hospitality Stock Performance

TH opened at $8.20 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $10.35 and its two-hundred day moving average price is $9.90. The firm has a market capitalization of $822.30 million, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 0.80 and a beta of 2.09. Target Hospitality has a 12-month low of $6.11 and a 12-month high of $16.73.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $106.70 million for the quarter, compared to the consensus estimate of $101.97 million. Target Hospitality had a net margin of 27.37% and a return on equity of 41.41%. Target Hospitality’s quarterly revenue was down 27.8% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. On average, equities analysts forecast that Target Hospitality will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Swiss National Bank raised its stake in shares of Target Hospitality by 1.6% in the 3rd quarter. Swiss National Bank now owns 78,000 shares of the company’s stock valued at $1,239,000 after buying an additional 1,200 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in Target Hospitality by 116.6% during the third quarter. Gotham Asset Management LLC now owns 27,079 shares of the company’s stock valued at $430,000 after purchasing an additional 14,579 shares in the last quarter. Troluce Capital Advisors LLC bought a new stake in shares of Target Hospitality in the 3rd quarter valued at approximately $2,170,000. Alps Advisors Inc. raised its holdings in shares of Target Hospitality by 15.0% in the 3rd quarter. Alps Advisors Inc. now owns 21,931 shares of the company’s stock worth $348,000 after buying an additional 2,866 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Target Hospitality during the 3rd quarter worth approximately $789,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.00 target price (down previously from $13.00) on shares of Target Hospitality in a research report on Friday, April 12th. Oppenheimer decreased their price objective on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Monday, March 25th.

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.