Target Hospitality (NASDAQ:TH) Shares Down 2.7% – Time to Sell?

Target Hospitality Corp. (NASDAQ:TH) fell 2.7% during trading on Monday . The stock traded as low as $6.81 and last traded at $6.81. Approximately 166,730 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 601,104 shares. The stock had previously closed at $7.00.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TH shares. Northland Capmk upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus boosted their price target on Target Hospitality from $5.00 to $7.50 and gave the company a “hold” rating in a report on Monday, March 31st.

Target Hospitality Trading Down 4.6 %

The stock has a 50 day simple moving average of $6.94 and a 200-day simple moving average of $8.13. The firm has a market cap of $663.75 million, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.81 and a beta of 1.70.

Target Hospitality (NASDAQ:TH) last issued its earnings results 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. Target Hospitality had a return on equity of 22.80% and a net margin of 20.84%. The company had revenue of $83.70 million for the quarter, compared to the consensus estimate of $80.10 million. During the same quarter last year, the company earned $0.29 EPS. The firm’s quarterly revenue was down 33.7% on a year-over-year basis. On average, equities research analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Conversant Capital LLC raised its stake in Target Hospitality by 2.1% during the fourth quarter. Conversant Capital LLC now owns 4,889,046 shares of the company’s stock valued at $47,253,000 after purchasing an additional 100,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Target Hospitality by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company’s stock valued at $18,995,000 after acquiring an additional 79,561 shares during the last quarter. Empyrean Capital Partners LP purchased a new position in Target Hospitality in the fourth quarter worth about $9,781,000. Arrowstreet Capital Limited Partnership increased its stake in Target Hospitality by 32.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock worth $9,749,000 after acquiring an additional 245,252 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Target Hospitality by 1.8% during the fourth quarter. Renaissance Technologies LLC now owns 870,124 shares of the company’s stock valued at $8,410,000 after purchasing an additional 14,992 shares during the period. 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.