Target Hospitality Corp. (NASDAQ:TH) Short Interest Update

Target Hospitality Corp. (NASDAQ:TH) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,600,000 shares, a growth of 41.6% from the January 31st total of 1,130,000 shares. Based on an average daily trading volume, of 736,900 shares, the short-interest ratio is presently 2.2 days. Currently, 5.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Target Hospitality from $10.00 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, February 26th. Northland Capmk raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Northland Securities raised Target Hospitality from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $11.00 to $15.00 in a research report on Wednesday, January 29th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th.

Hedge Funds Weigh In On Target Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the company. Conversant Capital LLC boosted its holdings in Target Hospitality by 2.1% in the fourth quarter. Conversant Capital LLC now owns 4,889,046 shares of the company’s stock worth $47,253,000 after purchasing an additional 100,000 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Target Hospitality by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company’s stock valued at $18,995,000 after purchasing an additional 79,561 shares during the period. HighTower Advisors LLC increased its holdings in Target Hospitality by 10.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock valued at $11,408,000 after acquiring an additional 134,966 shares during the last quarter. Empyrean Capital Partners LP bought a new stake in Target Hospitality in the 4th quarter valued at $9,781,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Target Hospitality by 32.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock worth $9,749,000 after buying an additional 245,252 shares in the last quarter. 32.40% of the stock is owned by institutional investors.

Target Hospitality Price Performance

Shares of NASDAQ TH traded down $0.04 during midday trading on Wednesday, reaching $5.46. The company’s stock had a trading volume of 144,951 shares, compared to its average volume of 602,766. The stock has a market capitalization of $539.72 million, a P/E ratio of 6.26, a PEG ratio of 1.81 and a beta of 2.07. The firm has a 50 day moving average price of $9.12 and a 200-day moving average price of $8.83. Target Hospitality has a 12-month low of $4.00 and a 12-month high of $11.84.

About Target Hospitality

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.