Target Hospitality Corp. (NASDAQ:TH – Get Free Report) saw some unusual options trading on Thursday. Stock traders acquired 14,136 call options on the stock. This represents an increase of 1,244% compared to the average volume of 1,052 call options.
Target Hospitality Trading Up 10.0 %
TH traded up $0.74 during trading on Thursday, hitting $8.15. 802,227 shares of the stock were exchanged, compared to its average volume of 606,586. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.78. The firm has a market cap of $817.28 million, a price-to-earnings ratio of 5.96, a P/E/G ratio of 0.80 and a beta of 2.09. Target Hospitality has a 1 year low of $6.11 and a 1 year high of $16.73. The firm has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $9.91.
Target Hospitality (NASDAQ:TH – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $106.70 million during the quarter, compared to analysts’ expectations of $101.97 million. Target Hospitality had a return on equity of 41.41% and a net margin of 27.37%. The business’s quarterly revenue was down 27.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. As a group, equities analysts expect that Target Hospitality will post 0.62 EPS for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on Target Hospitality
Hedge Funds Weigh In On Target Hospitality
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Target Hospitality by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,801,234 shares of the company’s stock valued at $19,579,000 after buying an additional 26,796 shares during the last quarter. Voss Capital LLC purchased a new position in shares of Target Hospitality in the 4th quarter valued at about $13,127,000. Tyro Capital Management LLC purchased a new position in shares of Target Hospitality in the 4th quarter valued at about $11,284,000. Yarra Square Partners LP increased its stake in shares of Target Hospitality by 2.4% in the 4th quarter. Yarra Square Partners LP now owns 444,208 shares of the company’s stock valued at $4,322,000 after purchasing an additional 10,208 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Target Hospitality by 31.5% in the 4th quarter. Nordea Investment Management AB now owns 235,623 shares of the company’s stock valued at $2,311,000 after purchasing an additional 56,471 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.
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.
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