Target Hospitality (NASDAQ:TH) Trading Up 5.5% - What's Next?

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) shares were up 5.5% during trading on Tuesday . The stock traded as high as $6.50 and last traded at $6.60. Approximately 130,220 shares changed hands during trading, a decline of 78% from the average daily volume of 591,922 shares. The stock had previously closed at $6.25.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TH. Northland Capmk raised shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th. Northland Securities raised 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 increased their price target on shares of Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a report on Monday, March 31st.

Target Hospitality Price Performance

The firm's 50-day moving average price is $6.28 and its 200 day moving average price is $8.02. The firm has a market capitalization of $718.40 million, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 1.81 and a beta of 1.70.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. The firm had revenue of $83.70 million during the quarter, compared to analysts' expectations of $80.10 million. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The firm's quarterly revenue was down 33.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. On average, analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Target Hospitality

Hedge funds have recently made changes to their positions in the business. AlphaQuest LLC grew its stake in shares of Target Hospitality by 275.9% during the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company's stock valued at $44,000 after acquiring an additional 3,360 shares in the last quarter. Maridea Wealth Management LLC purchased a new position in Target Hospitality in the fourth quarter valued at about $103,000. Two Sigma Advisers LP acquired a new stake in Target Hospitality during the 4th quarter valued at approximately $105,000. XTX Topco Ltd acquired a new position in shares of Target Hospitality in the 4th quarter valued at approximately $113,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Target Hospitality by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company's stock valued at $119,000 after buying an additional 1,650 shares during the last quarter. Hedge funds and other institutional investors own 32.40% of the company's stock.

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.