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

Target Hospitality Corp. (NASDAQ:TH) was the target of a large drop in short interest in 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. Based on an average trading volume of 578,700 shares, the short-interest ratio is currently 1.8 days. Currently, 3.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Naples Money Management LLC bought a new position in shares of Target Hospitality during the 4th quarter worth $32,000. New York State Teachers Retirement System bought a new position in Target Hospitality during the third quarter worth about $44,000. Tower Research Capital LLC TRC boosted its position in Target Hospitality by 664.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,849 shares of the company’s stock worth $47,000 after purchasing an additional 4,215 shares during the period. Denali Advisors LLC purchased a new position in shares of Target Hospitality in the fourth quarter worth about $91,000. Finally, Simplicity Wealth LLC bought a new stake in shares of Target Hospitality in the first quarter valued at approximately $122,000. 32.40% of the stock is owned by institutional investors.

Target Hospitality Price Performance

Shares of NASDAQ:TH opened at $11.12 on Friday. Target Hospitality has a twelve month low of $8.49 and a twelve month high of $16.80. The stock’s 50 day moving average is $9.97 and its 200-day moving average is $10.62. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 1.16 and a beta of 2.09.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Wednesday, March 13th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Target Hospitality had a net margin of 29.53% and a return on equity of 53.91%. The company had revenue of $126.20 million during the quarter, compared to the consensus estimate of $118.00 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was down 17.2% on a year-over-year basis. Sell-side analysts forecast that Target Hospitality will post 0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TheStreet cut shares of Target Hospitality from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.00 target price (down previously from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th. Finally, Oppenheimer dropped their price target on Target Hospitality from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, March 25th.

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.