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

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on TH shares. Northland Capmk raised shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 29th. Stifel Nicolaus upped their price target on shares of Target Hospitality from $5.00 to $7.50 and gave the company a "hold" rating in a research note on Monday, March 31st. Finally, Northland Securities upgraded shares of Target Hospitality from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $11.00 to $15.00 in a report on Wednesday, January 29th.

Target Hospitality Stock Performance

The firm's 50 day moving average is $6.32 and its 200-day moving average is $8.04. The company has a market cap of $662.76 million, a PE ratio of 7.67, a PEG ratio of 1.81 and a beta of 1.70.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The business 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 business'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 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Empyrean Capital Partners LP bought a new position in shares of Target Hospitality in the fourth quarter valued at approximately $9,781,000. Teacher Retirement System of Texas acquired a new position in Target Hospitality in the 4th quarter valued at approximately $2,705,000. Shay Capital LLC bought a new position in shares of Target Hospitality in the fourth quarter valued at approximately $2,667,000. Arrowstreet Capital Limited Partnership lifted its holdings in Target Hospitality by 32.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company's stock worth $9,749,000 after buying an additional 245,252 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Target Hospitality by 420.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 199,358 shares of the company's stock worth $1,927,000 after purchasing an additional 161,036 shares during the period. Hedge funds and other institutional investors 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.

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