Target Hospitality Corp. (NASDAQ:TH) Short Interest Down 37.7% in March

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,240,000 shares, a drop of 37.7% from the March 15th total of 1,990,000 shares. Currently, 3.8% of the company's shares are sold short. Based on an average trading volume of 581,100 shares, the days-to-cover ratio is presently 2.1 days.

Analysts Set New Price Targets

TH has been the subject of several recent analyst reports. TheStreet cut Target Hospitality from a "b" rating to a "c+" rating in a research note on Monday, January 22nd. Oppenheimer lowered their price target on Target Hospitality from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Monday, March 25th. Finally, Stifel Nicolaus restated a "hold" rating and set a $12.00 price target (down from $13.00) on shares of Target Hospitality in a research report on Friday.

Target Hospitality Stock Down 1.0 %

NASDAQ:TH traded down $0.11 during midday trading on Friday, reaching $10.71. The company had a trading volume of 443,220 shares, compared to its average volume of 576,883. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 1.14 and a beta of 2.09. The stock's fifty day simple moving average is $9.65 and its 200-day simple moving average is $11.01. Target Hospitality has a 12-month low of $8.49 and a 12-month high of $16.80. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.47.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its earnings results on Wednesday, March 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. The firm had revenue of $126.20 million during the quarter, compared to analyst estimates of $118.00 million. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. Target Hospitality's revenue was down 17.2% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. On average, sell-side analysts anticipate that Target Hospitality will post 0.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Capital Management LLC boosted its position in shares of Target Hospitality by 9.0% during the 2nd quarter. Private Capital Management LLC now owns 5,880,567 shares of the company's stock worth $33,578,000 after acquiring an additional 483,661 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Target Hospitality by 7.9% in the 2nd quarter. BlackRock Inc. now owns 2,033,655 shares of the company's stock valued at $27,292,000 after purchasing an additional 149,649 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Target Hospitality by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 1,774,438 shares of the company's stock valued at $17,265,000 after purchasing an additional 84,998 shares during the last quarter. Voss Capital LLC purchased a new stake in shares of Target Hospitality in the 4th quarter valued at about $13,127,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Target Hospitality by 13,213.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,331,390 shares of the company's stock valued at $21,143,000 after purchasing an additional 1,321,390 shares during the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

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.