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

Target Hospitality Corp. (NASDAQ:TH) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 2,643 call options on the stock. This is an increase of approximately 49% compared to the average volume of 1,773 call options.

Hedge Funds Weigh In On Target Hospitality

Large investors have recently added to or reduced their stakes in the company. AlphaQuest LLC raised its holdings in shares of 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 acquired a new stake in Target Hospitality in the 3rd quarter valued at $87,000. Maridea Wealth Management LLC acquired a new stake in Target Hospitality in the 4th quarter valued at $103,000. Two Sigma Advisers LP bought a new stake in Target Hospitality during the 4th quarter worth about $105,000. Finally, XTX Topco Ltd acquired a new position in shares of Target Hospitality during the 4th quarter worth about $113,000. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Price Performance

Shares of Target Hospitality stock opened at $6.72 on Friday. The company has a market capitalization of $664.88 million, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. The business has a 50-day moving average of $7.42 and a two-hundred day moving average of $8.28. Target Hospitality has a 1 year low of $4.00 and a 1 year high of $11.84.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Wednesday, March 26th. The company reported $0.12 earnings per share (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 business had revenue of $83.70 million during the quarter, compared to analysts’ expectations of $80.10 million. During the same period in the prior year, the business earned $0.29 EPS. Target Hospitality’s revenue for the quarter was down 33.7% compared to the same quarter last year. On average, equities analysts anticipate that Target Hospitality will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TH. Northland Securities raised Target Hospitality from a “market perform” rating to an “outperform” rating and upped their price target for the company from $11.00 to $15.00 in a research note on Wednesday, January 29th. Stifel Nicolaus upped their target price on shares of Target Hospitality from $5.00 to $7.50 and gave the company a “hold” rating in a research note on Monday. Finally, Northland Capmk upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

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.