Target Hospitality (NASDAQ:TH) EVP Sells $66,060.00 in Stock

Target Hospitality Corp. (NASDAQ:TH) EVP Heidi Diane Lewis sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total transaction of $66,060.00. Following the completion of the transaction, the executive vice president owned 131,742 shares of the company’s stock, valued at $966,986.28. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, December 15th, Heidi Diane Lewis sold 13,456 shares of Target Hospitality stock. The shares were sold at an average price of $8.50, for a total transaction of $114,376.00.
• On Monday, November 17th, Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock. The stock was sold at an average price of $6.70, for a total transaction of $60,300.00.

Target Hospitality Price Performance

Shares of TH stock remained flat at $7.66 on Thursday. The company had a trading volume of 351,494 shares, compared to its average volume of 333,828. The firm has a market cap of $764.31 million, a P/E ratio of -69.63 and a beta of 1.34. Target Hospitality Corp. has a one year low of $4.00 and a one year high of $10.55. The company has a 50-day simple moving average of $7.88 and a 200 day simple moving average of $7.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.96 and a quick ratio of 0.96.

Target Hospitality (NASDAQ:TH) last posted its earnings results 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 return on equity of 1.78% and a negative net margin of 3.08%.The business had revenue of $99.36 million during the quarter, compared to analysts’ expectations of $85.30 million. Research analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TH. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research report on Monday, December 29th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $11.00 target price on shares of Target Hospitality in a research note on Tuesday, December 30th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.00.

Institutional Investors Weigh In On Target Hospitality

A number of institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc raised its position in Target Hospitality by 1,305.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company’s stock worth $30,000 after purchasing an additional 3,864 shares during the period. IFP Advisors Inc grew its stake 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 buying an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Target Hospitality by 121.5% in the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after buying an additional 2,465 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Target Hospitality in the third quarter worth about $44,000. Finally, Tripletail Wealth Management LLC bought a new stake in shares of Target Hospitality in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

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.