Target Hospitality Sees Unusually High Options Volume (NASDAQ:TH)

Target Hospitality Corp. (NASDAQ:TH) was the recipient of unusually large options trading activity on Wednesday. Traders bought 2,643 call options on the stock. This represents an increase of approximately 49% compared to the typical volume of 1,773 call options.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TH shares. Northland Capmk upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus increased their price objective on shares of Target Hospitality from $5.00 to $7.50 and gave the company a “hold” rating in a research report on Monday.

Institutional Trading of Target Hospitality

A number of hedge funds and other institutional investors have recently made changes to their positions in TH. AlphaQuest LLC boosted its holdings in Target Hospitality by 275.9% in the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock valued at $44,000 after purchasing an additional 3,360 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Target Hospitality in the third quarter worth about $87,000. Maridea Wealth Management LLC purchased a new stake in shares of Target Hospitality in the fourth quarter worth about $103,000. Two Sigma Advisers LP acquired a new stake in Target Hospitality during the fourth quarter worth about $105,000. Finally, XTX Topco Ltd purchased a new position in Target Hospitality during the fourth quarter valued at approximately $113,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Stock Performance

TH stock traded up $0.18 during midday trading on Wednesday, reaching $6.97. The stock had a trading volume of 203,004 shares, compared to its average volume of 593,583. The firm has a fifty day simple moving average of $7.56 and a two-hundred day simple moving average of $8.30. The stock has a market cap of $689.62 million, a PE ratio of 8.03, a P/E/G ratio of 1.81 and a beta of 2.15. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.84.

Target Hospitality (NASDAQ:TH) last released its earnings results on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The firm had revenue of $83.70 million during the quarter, compared to the consensus estimate of $80.10 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue was down 33.7% compared to the same quarter last year. On average, sell-side analysts predict that Target Hospitality will post 0.65 EPS for the current fiscal year.

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.