Target Hospitality (NASDAQ:TH) Trading Down 4.8% – Here’s What Happened

Target Hospitality Corp. (NASDAQ:TH) fell 4.8% on Tuesday . The company traded as low as $7.17 and last traded at $7.10. 96,114 shares changed hands during trading, a decline of 84% from the average session volume of 600,768 shares. The stock had previously closed at $7.46.

Analyst Upgrades and Downgrades

TH has been the topic of a number of recent research reports. Northland Capmk raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and raised their price target for the company from $11.00 to $15.00 in a report on Wednesday, January 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Target Hospitality from $5.00 to $7.50 and gave the stock a “hold” rating in a research note on Monday, March 31st.

Target Hospitality Stock Down 4.5%

The company has a market capitalization of $707.97 million, a PE ratio of 8.22, a PEG ratio of 1.81 and a beta of 1.89. The business has a 50 day simple moving average of $6.60 and a 200 day simple moving average of $7.99.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $83.70 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS. Equities analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Institutional Trading of Target Hospitality

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in Target Hospitality during the first quarter valued at $660,000. Goldman Sachs Group Inc. lifted its holdings in shares of Target Hospitality by 104.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock valued at $1,844,000 after buying an additional 143,505 shares during the period. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Target Hospitality in the first quarter worth about $11,441,000. AQR Capital Management LLC acquired a new stake in Target Hospitality during the first quarter worth about $114,000. Finally, Appian Way Asset Management LP purchased a new position in Target Hospitality during the first quarter valued at approximately $11,872,000. Institutional investors and hedge funds 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.