Target Hospitality (NASDAQ:TH) Reaches New 1-Year High – What’s Next?

Target Hospitality Corp. (NASDAQ:TH)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.13 and last traded at $13.62, with a volume of 961262 shares traded. The stock had previously closed at $13.88.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TH shares. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a report on Friday, March 27th. Texas Capital raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.00 target price (up from $11.00) on shares of Target Hospitality in a research report on Monday. Finally, Oppenheimer raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 target price for the company in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Target Hospitality currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Target Hospitality Stock Performance

The company’s 50-day moving average price is $8.68 and its 200 day moving average price is $8.06. The stock has a market capitalization of $1.44 billion, a PE ratio of -37.74 and a beta of 1.12.

Target Hospitality (NASDAQ:TH) last posted its earnings results on Wednesday, March 11th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%.The company had revenue of $89.78 million during the quarter, compared to analysts’ expectations of $85.20 million. Analysts expect that Target Hospitality Corp. will post 0.65 earnings per share for the current year.

Insider Transactions at Target Hospitality

In related news, EVP Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock in a transaction dated 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 directly owned 131,742 shares of the company’s stock, valued at $966,986.28. This trade represents a 6.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 68.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Rubric Capital Management LP lifted its position in Target Hospitality by 9.5% during the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock valued at $15,589,000 after acquiring an additional 189,456 shares during the period. Vanguard Group Inc. lifted its position in Target Hospitality by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock valued at $16,915,000 after acquiring an additional 600,181 shares during the period. Dimensional Fund Advisors LP lifted its position in Target Hospitality by 17.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,176,561 shares of the company’s stock valued at $9,425,000 after acquiring an additional 171,324 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Target Hospitality by 25.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock valued at $8,913,000 after acquiring an additional 211,634 shares during the period. Finally, 71 West Capital Partners purchased a new position in Target Hospitality during the 4th quarter valued at about $7,147,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

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.