Target Hospitality (NASDAQ:TH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Target Hospitality (NASDAQ:TH) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other analysts also recently issued reports on the stock. Oppenheimer upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a report on Tuesday, March 17th. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Stifel Nicolaus set a $11.00 price target on shares of Target Hospitality in a report on Wednesday, March 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a report on Friday, March 27th. One equities research 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.00.

Target Hospitality Stock Down 1.9%

NASDAQ:TH opened at $13.62 on Friday. The business’s 50-day simple moving average is $8.39 and its two-hundred day simple moving average is $7.98. The stock has a market cap of $1.36 billion, a PE ratio of -35.84 and a beta of 1.12. Target Hospitality has a 52 week low of $5.97 and a 52 week high of $14.13.

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

Insider Buying and Selling at Target Hospitality

In other news, EVP Heidi Diane Lewis sold 9,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total value of $66,060.00. Following the sale, the executive vice president directly owned 131,742 shares in the company, valued at $966,986.28. The trade was a 6.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 68.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Target Hospitality

Large investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of Target Hospitality by 88.0% during the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after purchasing an additional 1,873 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Target Hospitality by 121.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after purchasing an additional 2,465 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Target Hospitality during the 3rd quarter worth about $44,000. Tripletail Wealth Management LLC purchased a new position in shares of Target Hospitality during the 3rd quarter worth about $55,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Target Hospitality during the 3rd quarter worth about $95,000. 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.