Key Points
- EVP Heidi Diane Lewis sold 9,000 shares on Jan. 20 at an average price of $7.34 for $66,060, reducing her position by 6.39% to 131,742 shares; she also sold shares on Dec. 15 (13,456 at $8.50) and Nov. 17 (9,000 at $6.70), indicating recent insider selling activity.
- Target Hospitality (NASDAQ:TH) recently traded around $7.66 with a market cap of about $764.3M, a negative P/E, 50- and 200-day moving averages near $7.9, and a one-year range of $4.00–$10.55.
- Analysts show mixed views but a consensus rating of Hold and a $13.00 consensus price target, reflecting both buy and sell recommendations (including Stifel's $11 objective and a Weiss sell rating).
Target Hospitality Corp. (NASDAQ:TH - Get Free Report) EVP Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $7.34, for a total transaction of $66,060.00. Following the transaction, the executive vice president owned 131,742 shares in the company, valued at approximately $966,986.28. This trade represents a 6.39% decrease in their position. The sale 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 stock was sold at an average price of $8.50, for a total value 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 value of $60,300.00.
Target Hospitality Stock Performance
Shares of TH stock opened at $7.66 on Friday. The stock has a market cap of $764.31 million, a price-to-earnings ratio of -69.63 and a beta of 1.34. The stock has a 50-day moving average of $7.91 and a 200-day moving average of $7.94. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $10.55.
Target Hospitality (NASDAQ:TH - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $99.36 million for the quarter, compared to analyst estimates of $85.30 million. On average, equities research analysts forecast that Target Hospitality Corp. will post 0.65 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Target Hospitality from a "sell" rating to a "hold" rating in a report on Saturday, November 15th. Stifel Nicolaus reissued a "buy" rating and issued a $11.00 price objective on shares of Target Hospitality in a research note on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Target Hospitality in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $13.00.
Check Out Our Latest Stock Analysis on Target Hospitality
Institutional Trading of Target Hospitality
Several institutional investors have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Target Hospitality in the 2nd quarter worth approximately $634,000. Rhumbline Advisers grew its holdings in Target Hospitality by 3.3% during the first quarter. Rhumbline Advisers now owns 47,426 shares of the company's stock valued at $312,000 after purchasing an additional 1,515 shares during the period. Cooper Creek Partners Management LLC purchased a new stake in Target Hospitality in the second quarter worth $8,556,000. AdvisorNet Financial Inc raised its stake in shares of Target Hospitality by 1,305.4% in the second quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company's stock valued at $30,000 after buying an additional 3,864 shares during the period. Finally, SummerHaven Investment Management LLC raised its stake in shares of Target Hospitality by 2.4% in the second quarter. SummerHaven Investment Management LLC now owns 91,515 shares of the company's stock valued at $652,000 after buying an additional 2,178 shares during the period. Institutional investors own 32.40% of the company's stock.
Target Hospitality Company Profile
(
Get Free Report)
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.
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