Target Hospitality Corp. (NASDAQ:TH) Sees Significant Decrease in Short Interest

Target Hospitality Corp. (NASDAQ:TH) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,070,000 shares, a decrease of 35.5% from the October 31st total of 1,660,000 shares. Based on an average daily volume of 430,500 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.4% of the company’s stock are short sold.

Institutional Trading of Target Hospitality

Several institutional investors have recently made changes to their positions in TH. American Century Companies Inc. lifted its holdings in Target Hospitality by 39.7% during the second quarter. American Century Companies Inc. now owns 397,324 shares of the company’s stock worth $3,461,000 after acquiring an additional 112,833 shares during the period. Denali Advisors LLC increased its position in shares of Target Hospitality by 856.2% during the 2nd quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock valued at $1,616,000 after purchasing an additional 166,100 shares during the last quarter. LB Partners LLC increased its position in shares of Target Hospitality by 300.3% during the 3rd quarter. LB Partners LLC now owns 536,428 shares of the company’s stock valued at $4,173,000 after purchasing an additional 402,428 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Target Hospitality by 347.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,128 shares of the company’s stock worth $186,000 after purchasing an additional 13,301 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Target Hospitality by 11.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock worth $126,000 after buying an additional 1,540 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Stock Down 0.4 %

NASDAQ TH traded down $0.03 on Friday, reaching $8.27. The company had a trading volume of 141,028 shares, compared to its average volume of 528,412. The company’s fifty day moving average is $8.09 and its 200 day moving average is $9.08. Target Hospitality has a 52-week low of $6.11 and a 52-week high of $11.84. The stock has a market capitalization of $818.23 million, a P/E ratio of 9.51, a P/E/G ratio of 0.85 and a beta of 2.09.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Northland Securities raised their price objective on shares of Target Hospitality from $9.00 to $11.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a research report on Thursday, November 14th.

Target Hospitality Company Profile

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.