Target Hospitality (NASDAQ:TH) EVP Sells $114,376.00 in Stock

Target Hospitality Corp. (NASDAQ:TH) EVP Heidi Diane Lewis sold 13,456 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.50, for a total transaction of $114,376.00. Following the transaction, the executive vice president owned 140,742 shares of the company’s stock, valued at approximately $1,196,307. This represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Heidi Diane Lewis also recently made the following trade(s):

• On Monday, November 17th, Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock. The shares were sold at an average price of $6.70, for a total value of $60,300.00.
• 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 stock was sold at an average price of $8.71, for a total value of $106,749.76.

Target Hospitality Price Performance

Shares of TH stock traded down $0.15 on Wednesday, hitting $8.37. 222,907 shares of the company’s stock were exchanged, compared to its average volume of 551,113. The company has a 50 day moving average of $7.42 and a 200 day moving average of $7.77. The stock has a market cap of $835.16 million, a P/E ratio of -76.08 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.96 and a quick ratio of 0.96. Target Hospitality Corp. has a 12 month low of $4.00 and a 12 month high of $11.10.

Target Hospitality (NASDAQ:TH) last issued its earnings results on Thursday, November 6th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. The firm had revenue of $99.36 million during the quarter, compared to the consensus estimate of $85.30 million. Target Hospitality had a negative return on equity of 1.78% and a negative net margin of 3.08%. On average, equities research analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on TH. Wall Street Zen raised shares of Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Stifel Nicolaus upgraded shares of Target Hospitality from a “hold” rating to a “buy” rating and upped their price target for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Target Hospitality has an average rating of “Moderate Buy” and an average target price of $13.00.

Hedge Funds Weigh In On Target Hospitality

A number of hedge funds have recently modified their holdings of TH. AdvisorNet Financial Inc lifted its holdings in Target Hospitality by 1,305.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company’s stock worth $30,000 after buying an additional 3,864 shares during the period. IFP Advisors Inc increased its stake in shares of Target Hospitality by 88.0% in the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after buying an additional 1,873 shares during the period. Russell Investments Group Ltd. raised its position 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 worth $38,000 after acquiring an additional 2,465 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Target Hospitality in the third quarter worth approximately $44,000. Finally, Tripletail Wealth Management LLC bought a new stake in Target Hospitality in the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

About Target Hospitality

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.