Target Hospitality Corp. (NASDAQ:TH) Short Interest Down 16.1% in April

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

Target Hospitality Stock Performance

TH traded down $0.19 during trading on Tuesday, reaching $11.13. 380,679 shares of the company’s stock were exchanged, compared to its average volume of 566,217. Target Hospitality has a fifty-two week low of $8.49 and a fifty-two week high of $16.80. 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 business has a 50 day moving average price of $10.04 and a 200 day moving average price of $10.52. The company has a market capitalization of $1.12 billion, a P/E ratio of 7.22, a PEG ratio of 1.16 and a beta of 2.09.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $126.20 million during the quarter, compared to analysts’ expectations of $118.00 million. Target Hospitality had a return on equity of 53.91% and a net margin of 29.53%. The business’s revenue was down 17.2% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. As a group, analysts predict that Target Hospitality will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TH has been the topic of several research analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th. Oppenheimer lowered their price objective on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Finally, TheStreet downgraded shares of Target Hospitality from a “b” rating to a “c+” rating in a research note on Monday, January 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Target Hospitality by 44.9% during the third quarter. Vanguard Group Inc. now owns 1,689,440 shares of the company’s stock valued at $26,828,000 after acquiring an additional 523,398 shares during the period. Voss Capital LLC bought a new position in shares of Target Hospitality in the fourth quarter valued at about $13,127,000. HighTower Advisors LLC raised its holdings in shares of Target Hospitality by 13,213.9% in the third quarter. HighTower Advisors LLC now owns 1,331,390 shares of the company’s stock valued at $21,143,000 after buying an additional 1,321,390 shares during the last quarter. Tyro Capital Management LLC bought a new position in shares of Target Hospitality in the fourth quarter valued at about $11,284,000. Finally, Yarra Square Partners LP raised its holdings in shares of Target Hospitality by 2.4% in the fourth quarter. Yarra Square Partners LP now owns 444,208 shares of the company’s stock valued at $4,322,000 after buying an additional 10,208 shares during the last quarter. 32.40% of the stock is owned by institutional investors.

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.