Target Hospitality (NASDAQ:TH) Shares Gap Down – Should You Sell?

Shares of Target Hospitality Corp. (NASDAQ:TH) gapped down prior to trading on Thursday . The stock had previously closed at $18.33, but opened at $17.21. Target Hospitality shares last traded at $17.43, with a volume of 1,800,564 shares changing hands.

Analyst Ratings Changes

TH has been the subject of several recent analyst reports. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Texas Capital raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 price objective (up from $11.00) on shares of Target Hospitality in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a research report on Friday, March 27th. Finally, Oppenheimer boosted their price target on shares of Target Hospitality from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Target Hospitality Trading Up 0.8%

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50 day moving average price is $14.66 and its 200-day moving average price is $10.14. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -39.45 and a beta of 1.43.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Target Hospitality had a negative return on equity of 11.11% and a negative net margin of 13.47%.The firm had revenue of $72.78 million for the quarter, compared to analyst estimates of $73.20 million. Equities analysts forecast that Target Hospitality Corp. will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TH. 71 West Capital Partners acquired a new position in shares of Target Hospitality during the fourth quarter worth about $7,147,000. Vanguard Group Inc. increased its stake in shares of Target Hospitality by 43.0% during the third quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock worth $16,915,000 after acquiring an additional 600,181 shares during the period. Royce & Associates LP acquired a new position in shares of Target Hospitality during the fourth quarter worth about $2,801,000. Dimensional Fund Advisors LP increased its stake in shares of Target Hospitality by 21.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock worth $13,259,000 after acquiring an additional 252,212 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Target Hospitality by 25.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock worth $8,913,000 after acquiring an additional 211,634 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Company Profile

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.