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

Shares of Target Hospitality Corp. (NASDAQ:TH) gapped down prior to trading on Monday . The stock had previously closed at $16.51, but opened at $15.53. Target Hospitality shares last traded at $17.2690, with a volume of 228,084 shares changing hands.

Analyst Ratings Changes

TH has been the subject of several recent research reports. Oppenheimer upped their price target on Target Hospitality from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Weiss Ratings cut Target Hospitality from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Target Hospitality in a report on Monday, June 1st. They set a “hold” rating and a $22.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.33.

Target Hospitality Stock Down 0.4%

The stock has a 50-day moving average of $17.57 and a 200 day moving average of $13.59. The company has a market capitalization of $1.65 billion, a PE ratio of -37.45 and a beta of 1.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.08.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $85.45 million for the quarter, compared to analysts’ expectations of $79.30 million. Sell-side analysts anticipate that Target Hospitality Corp. will post -0.19 EPS for the current year.

Institutional Trading of Target Hospitality

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in Target Hospitality by 88.0% in the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after acquiring an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Target Hospitality by 121.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after acquiring an additional 2,465 shares during the period. Galaxy Digital Capital Management GP LLC purchased a new stake in shares of Target Hospitality during the 1st quarter worth approximately $67,000. Tripletail Wealth Management LLC increased its stake in shares of Target Hospitality by 62.2% during the 4th quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock worth $93,000 after purchasing an additional 4,460 shares during the last quarter. Finally, AdvisorShares Investments LLC raised its holdings in shares of Target Hospitality by 17.9% in the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock worth $95,000 after purchasing an additional 1,798 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.