Short Interest in Target Hospitality Corp. (NASDAQ:TH) Declines By 16.1%

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,040,000 shares, a drop of 16.1% from the March 31st total of 1,240,000 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily volume of 578,700 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On Target Hospitality

Several institutional investors and hedge funds have recently modified their holdings of TH. Vanguard Group Inc. grew its stake in Target Hospitality by 44.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,689,440 shares of the company's stock worth $26,828,000 after purchasing an additional 523,398 shares in the last quarter. Voss Capital LLC acquired a new position in Target Hospitality during the 4th quarter worth $13,127,000. HighTower Advisors LLC grew its stake in Target Hospitality by 13,213.9% during the 3rd quarter. HighTower Advisors LLC now owns 1,331,390 shares of the company's stock worth $21,143,000 after purchasing an additional 1,321,390 shares in the last quarter. Tyro Capital Management LLC acquired a new position in Target Hospitality during the 4th quarter worth $11,284,000. Finally, Yarra Square Partners LP grew its stake in Target Hospitality by 2.4% during the 4th quarter. Yarra Square Partners LP now owns 444,208 shares of the company's stock worth $4,322,000 after purchasing an additional 10,208 shares in the last quarter. Hedge funds and other institutional investors own 32.40% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TheStreet cut Target Hospitality from a "b" rating to a "c+" rating in a research report on Monday, January 22nd. Oppenheimer reduced 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 reiterated 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, April 12th.

Target Hospitality Trading Up 0.4 %

NASDAQ TH traded up $0.04 on Friday, reaching $11.12. 543,348 shares of the company were exchanged, compared to its average volume of 437,341. The business's fifty day moving average price is $9.97 and its 200 day moving average price is $10.58. The stock has a market capitalization of $1.12 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.16 and a beta of 2.09. 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 has a fifty-two week low of $8.49 and a fifty-two week high of $16.80.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its earnings results on Wednesday, March 13th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The company had revenue of $126.20 million for the quarter, compared to the consensus estimate of $118.00 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company's revenue for the quarter was down 17.2% on a year-over-year basis. Analysts forecast that Target Hospitality will post 0.64 earnings per share 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.