Key Points
- EVP Heidi Diane Lewis sold 9,000 shares on November 17 at $6.70 for $60,300, reducing her stake by 5.51% to 154,198 shares; she also sold 9,000 shares on Oct. 20 and 12,256 shares on Sept. 22 in recent months.
- TH stock traded up 6.1% to $7.12 after a quarter that beat estimates (EPS -$0.01 vs. -$0.04 and revenue $99.36M vs. $85.30M); the company has a market cap of roughly $710M and an average analyst rating of Moderate Buy with a $13 target.
Target Hospitality Corp. (NASDAQ:TH - Get Free Report) EVP Heidi Diane Lewis sold 9,000 shares of the company's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $6.70, for a total transaction of $60,300.00. Following the sale, the executive vice president owned 154,198 shares of the company's stock, valued at approximately $1,033,126.60. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Heidi Diane Lewis also recently made the following trade(s):
- On Monday, October 20th, Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock. The shares were sold at an average price of $7.09, for a total value of $63,810.00.
- On Monday, September 22nd, Heidi Diane Lewis sold 12,256 shares of Target Hospitality stock. The shares were sold at an average price of $8.71, for a total value of $106,749.76.
Target Hospitality Trading Up 6.1%
TH stock traded up $0.41 during trading on Thursday, hitting $7.12. 304,240 shares of the company traded hands, compared to its average volume of 558,631. The company has a 50-day moving average of $7.63 and a 200-day moving average of $7.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.96 and a current ratio of 0.96. Target Hospitality Corp. has a 1 year low of $4.00 and a 1 year high of $11.10. The firm has a market capitalization of $710.43 million, a PE ratio of -64.72 and a beta of 1.82.
Target Hospitality (NASDAQ:TH - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.01) earnings per share for the quarter, beating 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 firm had revenue of $99.36 million during the quarter, compared to the consensus estimate of $85.30 million. Target Hospitality has set its FY 2025 guidance at EPS. Analysts predict that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.
Institutional Trading of Target Hospitality
Hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its position in Target Hospitality by 1,305.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company's stock valued at $30,000 after acquiring an additional 3,864 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Target Hospitality by 121.5% during the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company's stock valued at $38,000 after acquiring an additional 2,465 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Target Hospitality in the 3rd quarter worth about $44,000. Tripletail Wealth Management LLC purchased a new stake in Target Hospitality during the 3rd quarter valued at about $55,000. Finally, FourThought Financial Partners LLC purchased a new position in Target Hospitality in the third quarter worth about $95,000. Institutional investors own 32.40% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on TH shares. Weiss Ratings restated a "sell (d)" rating on shares of Target Hospitality in a research report on Thursday, November 13th. Stifel Nicolaus raised Target Hospitality from a "hold" rating to a "buy" rating and upped their price target for the company from $7.50 to $11.00 in a research report on Tuesday, August 19th. Finally, Wall Street Zen upgraded shares of Target Hospitality from a "sell" rating to a "hold" rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Target Hospitality currently has an average rating of "Moderate Buy" and an average target price of $13.00.
Check Out Our Latest Report on Target Hospitality
Target Hospitality Company Profile
(
Get Free Report)
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services - South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.
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