Target Hospitality ( NASDAQ:TH ) is making a difference after strong earnings

Target Hospitality Corp stock price (NASDAQ:TH – Get Free Report ) rose in premarket trading on Wednesday after a better-than-expected earnings announcement. The stock had previously closed at $8.91 but opened at $9.64. Shares of Target Hospitality last traded at $9.82, with a volume of 366,183 shares changing hands.

The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Target Hospitality had a net margin of 27.37% and a return on equity of 41.41%. The company had revenue of $100.72 million for the quarter, compared to the consensus estimate of $101.25 million. In the same quarter last year, the company posted earnings of $0.44 per share. Target Hospitality’s revenue fell 29.9% year over year.

Analyst upgrades and downgrades

Separately, Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 target price (down from $13.00) on shares of Target Hospitality in a report on Friday, April 12th.

Read our latest report on Target Hospitality

Institutional investors intervene in the target hospitality

Several large investors have recently made changes to their positions in the business. Naples Money Management LLC purchased a new stake in shares of Target Hospitality in the fourth quarter valued at about $32,000. Tower Research Capital LLC TRC boosted its holdings in Target Hospitality by 664.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,849 shares of the company’s stock worth $47,000 after acquiring an additional 4,215 shares during the period. Covestor Ltd boosted its holdings in Target Hospitality by 13.9% in the first quarter. Covestor Ltd now owns 8,925 shares of the company’s stock worth $97,000 after acquiring an additional 1,092 shares during the period. Quest Partners LLC raised its position in Target Hospitality by 4,201.9% in the second quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock valued at $118,000 after acquiring an additional 13,194 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of Target Hospitality in the first quarter valued at about $122,000. Institutional investors and hedge funds own 32.40% of the company’s shares.

Hospitality target trading up 0.3%

The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 1.00 and a beta of 2.14. The company’s 50-day moving average price is $9.00 and its 200-day moving average price is $9.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.78, and a quick ratio of 2.78.

About Target Hospitality

(Get a free report)

Target Hospitality Corp. operates as a specialty rental and hospitality company in North America. The company operates through two segments, Hospitality and Facilities Services – South and Government. It owns a network of specialized rental accommodation units. In addition, the company offers catering and food services, maintenance, janitorial, grounds care, security, health and recreation, community workforce management, concierge and laundry services.

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