Insider Selling: Target Hospitality (NASDAQ:TH) EVP Sells $114,376.00 in Stock

Target Hospitality Corp. (NASDAQ:TH) EVP Heidi Diane Lewis sold 13,456 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.50, for a total value of $114,376.00. Following the transaction, the executive vice president owned 140,742 shares of the company’s stock, valued at approximately $1,196,307. This represents a 8.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Heidi Diane Lewis also recently made the following trade(s):

• On Monday, November 17th, Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock. The shares were sold at an average price of $6.70, for a total transaction of $60,300.00.
• On Monday, October 20th, Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock. The stock was sold at an average price of $7.09, for a total transaction of $63,810.00.
• On Monday, September 22nd, Heidi Diane Lewis sold 12,256 shares of Target Hospitality stock. The stock was sold at an average price of $8.71, for a total transaction of $106,749.76.

Target Hospitality Price Performance

Shares of NASDAQ TH opened at $8.09 on Friday. Target Hospitality Corp. has a 1 year low of $4.00 and a 1 year high of $11.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50-day moving average is $7.47 and its 200 day moving average is $7.78. The stock has a market capitalization of $807.22 million, a P/E ratio of -73.54 and a beta of 1.32.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.78%. The business had revenue of $99.36 million during the quarter, compared to analyst estimates of $85.30 million. On average, sell-side analysts expect that Target Hospitality Corp. will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TH shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Monday. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Institutional Investors Weigh In On Target Hospitality

Several hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its holdings in shares of Target Hospitality by 88.0% during 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 in the last quarter. AdvisorNet Financial Inc grew its position in Target Hospitality by 1,305.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company’s stock valued at $30,000 after purchasing an additional 3,864 shares during the last quarter. Russell Investments Group Ltd. increased its stake in 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 purchasing an additional 2,465 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Target Hospitality in the third quarter worth about $44,000. Finally, Tripletail Wealth Management LLC purchased a new position in Target Hospitality in the third quarter worth about $55,000. 32.40% of the stock is owned by institutional investors.

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.