Target Hospitality Corp. (NASDAQ:TH) Short Interest Up 23.9% in May

Target Hospitality Corp. (NASDAQ:TH) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,330,000 shares, an increase of 23.9% from the May 15th total of 1,880,000 shares. Based on an average daily volume of 511,600 shares, the short-interest ratio is currently 4.6 days. Currently, 7.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Target Hospitality

Several institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Target Hospitality by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company’s stock worth $2,683,000 after acquiring an additional 5,967 shares in the last quarter. Victory Capital Management Inc. increased its position in Target Hospitality by 18.4% during the 4th quarter. Victory Capital Management Inc. now owns 44,389 shares of the company’s stock valued at $429,000 after purchasing an additional 6,885 shares during the period. AlphaQuest LLC increased its position in Target Hospitality by 275.9% during the 4th 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 period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Target Hospitality during the 4th quarter valued at approximately $401,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Target Hospitality during the 4th quarter worth approximately $2,705,000. Institutional investors own 32.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Target Hospitality from $5.00 to $7.50 and gave the company a “hold” rating in a research report on Monday, March 31st. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.25.

Target Hospitality Trading Up 1.4%

Shares of Target Hospitality stock opened at $7.08 on Thursday. The firm has a 50-day moving average of $6.96 and a 200-day moving average of $7.77. The stock has a market cap of $703.47 million, a PE ratio of 16.47 and a beta of 1.85. Target Hospitality has a 52-week low of $4.00 and a 52-week high of $11.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.97 and a current ratio of 1.97.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Monday, May 19th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Target Hospitality had a net margin of 12.71% and a return on equity of 11.34%. The business had revenue of $69.90 million during the quarter, compared to the consensus estimate of $65.37 million. During the same period in the previous year, the firm posted $0.20 EPS. The company’s revenue was down 34.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Target Hospitality will post 0.65 EPS 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.