Target Hospitality (NASDAQ:TH) Reaches New 12-Month High – Still a Buy?

Target Hospitality Corp. (NASDAQ:TH)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $9.53 and last traded at $8.8860, with a volume of 240203 shares trading hands. The stock had previously closed at $7.98.

Analyst Ratings Changes

A number of equities analysts recently commented on TH shares. Stifel Nicolaus reiterated a “buy” rating and issued a $11.00 price target on shares of Target Hospitality in a research note on Tuesday, December 30th. Wall Street Zen raised Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.00.

Target Hospitality Price Performance

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $7.49 and a two-hundred day moving average of $7.79. The firm has a market cap of $896.52 million, a P/E ratio of -81.77 and a beta of 1.36.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Target Hospitality had a negative return on equity of 1.78% and a negative net margin of 3.08%.The business had revenue of $89.78 million during the quarter, compared to analyst estimates of $85.20 million. Sell-side analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current year.

Insider Activity

In other news, EVP Heidi Diane Lewis sold 9,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $7.34, for a total value of $66,060.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. 68.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TH. Cooper Creek Partners Management LLC acquired a new position in Target Hospitality during the second quarter valued at $8,556,000. 71 West Capital Partners acquired a new stake in Target Hospitality during the 4th quarter worth about $7,147,000. Vanguard Group Inc. boosted 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 worth $16,915,000 after acquiring an additional 600,181 shares during the period. Royce & Associates LP purchased a new position in Target Hospitality during the 4th quarter valued at about $2,801,000. Finally, Arrowstreet Capital Limited Partnership grew its stake 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 in the last quarter. 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.