Target Hospitality (NASDAQ:TH) CEO Buys $250,165.65 in Stock

Target Hospitality Corp. (NASDAQ:TH) CEO James Archer acquired 13,385 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average price of $18.69 per share, for a total transaction of $250,165.65. Following the completion of the acquisition, the chief executive officer directly owned 1,845,441 shares of the company’s stock, valued at $34,491,292.29. The trade was a 0.73% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Target Hospitality Price Performance

TH stock opened at $21.19 on Friday. The business has a fifty day moving average of $17.40 and a two-hundred day moving average of $15.88. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.11. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -55.76 and a beta of 1.51. Target Hospitality Corp. has a 52-week low of $5.97 and a 52-week high of $21.42.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $85.45 million during the quarter, compared to analysts’ expectations of $79.30 million. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%. As a group, research analysts anticipate that Target Hospitality Corp. will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On Target Hospitality

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TH. Quantbot Technologies LP purchased a new stake in shares of Target Hospitality during the second quarter worth $27,000. AdvisorShares Investments LLC grew its stake in Target Hospitality by 17.9% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Target Hospitality by 2.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,692 shares of the company’s stock worth $2,132,000 after purchasing an additional 2,634 shares in the last quarter. Galaxy Digital Capital Management GP LLC purchased a new stake in Target Hospitality during the 1st quarter worth about $67,000. Finally, State of Wyoming purchased a new stake in Target Hospitality during the 2nd quarter worth about $191,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Analysts Set New Price Targets

TH has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Target Hospitality from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $23.00 target price on shares of Target Hospitality in a report on Thursday, August 27th. Northland Securities set a $25.00 target price on Target Hospitality in a research report on Thursday, August 27th. Stifel Nicolaus set a $26.00 price target on Target Hospitality in a research note on Thursday, August 27th. Finally, Oppenheimer raised their price target on Target Hospitality from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Target Hospitality currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.20.

Target Hospitality Company Profile

Target Hospitality Corp. (NASDAQ: TH) provides specialty hospitality and workforce accommodation services in North America. The company supports organizations that require temporary or long-term housing and related services in remote, industrial, government, and other challenging operating environments.

Its offerings include modular and prefabricated accommodations, lodging management, food and catering services, housekeeping, maintenance, transportation, security, and other on-site support.