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

Target Hospitality Corp. (NASDAQ:TH) shares gapped down prior to trading on Wednesday . The stock had previously closed at $15.90, but opened at $14.83. Target Hospitality shares last traded at $14.7450, with a volume of 2,553,159 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TH shares. Texas Capital raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $15.00 target price (up from $11.00) on shares of Target Hospitality in a report on Monday, April 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research note on Friday, March 27th. Finally, Oppenheimer lifted their target price on shares of Target Hospitality from $11.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Target Hospitality Stock Down 7.8%

The firm has a 50 day moving average of $10.08 and a 200-day moving average of $8.46. The company has a market cap of $1.47 billion, a P/E ratio of -38.57 and a beta of 1.12.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The business had revenue of $89.78 million during the quarter, compared to analyst estimates of $85.20 million. Target Hospitality had a negative net margin of 11.58% and a negative return on equity of 8.65%. On average, research analysts predict that Target Hospitality Corp. will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG increased its stake in Target Hospitality by 4.8% in the 4th quarter. Deutsche Bank AG now owns 33,634 shares of the company’s stock valued at $269,000 after buying an additional 1,526 shares during the last quarter. AdvisorShares Investments LLC increased its stake in shares of Target Hospitality by 17.9% in the fourth quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock valued at $95,000 after buying an additional 1,798 shares during the period. IFP Advisors Inc raised its position in Target Hospitality by 88.0% during the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after purchasing an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after buying an additional 2,465 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Target Hospitality by 6.2% in the second quarter. Rhumbline Advisers now owns 50,373 shares of the company’s stock worth $359,000 after acquiring an additional 2,947 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.

About Target Hospitality

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.