Target Hospitality (NASDAQ:TH) Reaches New 52-Week Low at $6.21

Target Hospitality Corp. (NASDAQ:THGet Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $6.21 and last traded at $6.65, with a volume of 2556927 shares traded. The stock had previously closed at $10.50.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price target (down from $13.00) on shares of Target Hospitality in a research note on Friday, April 12th. Oppenheimer lowered their target price on shares of Target Hospitality from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Monday, March 25th.

Read Our Latest Report on TH

Target Hospitality Trading Down 32.3 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.78. The firm has a market capitalization of $712.99 million, a price-to-earnings ratio of 4.89, a P/E/G ratio of 1.06 and a beta of 2.09. The business has a fifty day moving average price of $11.15 and a 200 day moving average price of $10.18.

Target Hospitality (NASDAQ:THGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. Target Hospitality had a return on equity of 41.41% and a net margin of 27.37%. The business had revenue of $106.70 million during the quarter, compared to analysts’ expectations of $101.97 million. During the same quarter in the previous year, the business earned $0.40 EPS. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. As a group, equities analysts forecast that Target Hospitality Corp. will post 0.7 earnings per share for the current year.

Institutional Trading of Target Hospitality

A number of institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd grew its position in Target Hospitality by 13.9% in the first quarter. Covestor Ltd now owns 8,925 shares of the company’s stock valued at $97,000 after acquiring an additional 1,092 shares in the last quarter. Swiss National Bank increased its stake in Target Hospitality by 1.6% during the 3rd quarter. Swiss National Bank now owns 78,000 shares of the company’s stock worth $1,239,000 after buying an additional 1,200 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Target Hospitality by 2.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 57,264 shares of the company’s stock worth $557,000 after buying an additional 1,207 shares in the last quarter. Troluce Capital Advisors LLC boosted its position in Target Hospitality by 1.0% in the 4th quarter. Troluce Capital Advisors LLC now owns 138,044 shares of the company’s stock valued at $1,343,000 after buying an additional 1,407 shares during the last quarter. Finally, AdvisorShares Investments LLC increased its position in shares of Target Hospitality by 15.4% during the fourth quarter. AdvisorShares Investments LLC now owns 16,965 shares of the company’s stock worth $165,000 after acquiring an additional 2,264 shares during the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Company Profile

(Get Free Report)

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.

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