Target Hospitality Sees Unusually High Options Volume (NASDAQ:TH)

Target Hospitality Corp. (NASDAQ:TH) saw some unusual options trading activity on Wednesday. Stock traders acquired 11,258 call options on the stock. This represents an increase of approximately 1,958% compared to the average daily volume of 547 call options.

Insider Activity at Target Hospitality

In related news, CEO James Archer acquired 13,385 shares of the stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $18.69 per share, with a total value of $250,165.65. Following the completion of the transaction, the chief executive officer directly owned 1,845,441 shares of the company’s stock, valued at approximately $34,491,292.29. The trade was a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy Schrenk acquired 5,907 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average price of $21.16 per share, for a total transaction of $124,992.12. Following the completion of the acquisition, the insider owned 216,995 shares of the company’s stock, valued at $4,591,614.20. This trade represents a 2.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Target Hospitality during the 2nd quarter worth approximately $64,312,000. HighTower Advisors LLC boosted its holdings in shares of Target Hospitality by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,922,248 shares of the company’s stock valued at $37,907,000 after buying an additional 79,981 shares during the last quarter. Senator Investment Group LP acquired a new stake in shares of Target Hospitality in the 2nd quarter valued at approximately $28,491,000. Royce & Associates LP grew its stake in shares of Target Hospitality by 71.5% in the third quarter. Royce & Associates LP now owns 898,625 shares of the company’s stock valued at $17,721,000 after buying an additional 374,684 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Target Hospitality by 21.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock valued at $13,259,000 after buying an additional 252,212 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TH has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $23.00 price target on shares of Target Hospitality in a research note on Thursday, August 27th. Weiss Ratings cut Target Hospitality from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday. Oppenheimer upped their price objective on Target Hospitality from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 8th. Stifel Nicolaus set a $26.00 price objective on Target Hospitality in a report on Thursday, August 27th. Finally, Morgan Stanley lifted their target price on Target Hospitality from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.20.

Target Hospitality Stock Up 16.3%

Shares of NASDAQ TH traded up $1.68 during mid-day trading on Wednesday, hitting $11.98. The company had a trading volume of 1,175,680 shares, compared to its average volume of 1,418,156. The company has a market capitalization of $1.19 billion, a PE ratio of -26.02 and a beta of 1.56. The firm has a 50-day simple moving average of $17.19 and a two-hundred day simple moving average of $14.84. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. Target Hospitality has a one year low of $6.10 and a one year high of $21.76.

Target Hospitality (NASDAQ:TH) last released its earnings results on Monday, November 9th. The company reported ($0.09) earnings per share (EPS) for the quarter. Target Hospitality had a negative return on equity of 11.92% and a negative net margin of 12.23%. The company had revenue of $129.06 million for the quarter, compared to the consensus estimate of $118.35 million. On average, equities analysts expect that Target Hospitality will post -0.04 EPS for the current year.

Target Hospitality Company Profile

Target Hospitality Corporation provides modular accommodations and hospitality services for workers and other groups who need lodging near remote or specialized locations. Its services include lodging, dining, housekeeping, laundry, and recreation, with facilities designed to support extended stays. The company serves customers in industries such as energy and natural resources, as well as government clients. Its operations are primarily in the United States, including locations in the Permian Basin and other areas where traditional lodging may be limited.