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

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 2,643 call options on the stock. This is an increase of 49% compared to the typical daily volume of 1,773 call options.

Institutional Trading of Target Hospitality

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Target Hospitality by 28.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,089 shares of the company's stock valued at $977,000 after acquiring an additional 22,355 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Target Hospitality during the 4th quarter valued at about $105,000. Two Sigma Investments LP grew its position in shares of Target Hospitality by 280.0% during the 4th quarter. Two Sigma Investments LP now owns 129,161 shares of the company's stock valued at $1,248,000 after acquiring an additional 95,167 shares during the period. Shay Capital LLC bought a new stake in Target Hospitality during the 4th quarter worth approximately $2,667,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Target Hospitality during the 4th quarter valued at $258,000. 32.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TH shares. Northland Securities raised Target Hospitality from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th. Northland Capmk raised Target Hospitality from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus upped their price objective on shares of Target Hospitality from $5.00 to $7.50 and gave the stock a "hold" rating in a research report on Monday, March 31st.

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Target Hospitality Price Performance

Shares of TH stock traded down $0.32 during trading hours on Monday, reaching $6.23. The company had a trading volume of 257,268 shares, compared to its average volume of 893,930. Target Hospitality has a 12 month low of $4.00 and a 12 month high of $11.84. The company has a market cap of $616.40 million, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 1.81 and a beta of 1.70. The business has a fifty day simple moving average of $7.35 and a 200-day simple moving average of $8.23.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. The company had revenue of $83.70 million for the quarter, compared to analysts' expectations of $80.10 million. Target Hospitality had a net margin of 20.84% and a return on equity of 22.80%. Target Hospitality's revenue was down 33.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, equities research analysts expect that Target Hospitality will post 0.65 earnings per share for the current 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.