Target Hospitality (NASDAQ:TH) Shares Gap Up – Still a Buy?

Shares of Target Hospitality Corp. (NASDAQ:TH) gapped up prior to trading on Tuesday . The stock had previously closed at $6.54, but opened at $6.90. Target Hospitality shares last traded at $6.9730, with a volume of 129,854 shares trading hands.

Analyst Ratings Changes

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

Target Hospitality Stock Up 8.0%

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50 day moving average is $7.58 and its two-hundred day moving average is $7.83. The firm has a market capitalization of $762.92 million, a P/E ratio of -70.90 and a beta of 1.36.

Insider Activity

In related news, Director Stephen Robertson bought 125,000 shares of Target Hospitality stock in a transaction that occurred on Wednesday, December 3rd. The stock was acquired at an average price of $7.94 per share, with a total value of $992,500.00. Following the acquisition, the director owned 445,000 shares of the company’s stock, valued at approximately $3,533,300. This represents a 39.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Heidi Diane Lewis sold 13,456 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $8.50, for a total value of $114,376.00. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. 68.00% of the stock is owned by corporate insiders.

Institutional Trading of Target Hospitality

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of Target Hospitality by 3,549.2% in the first quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock worth $289,000 after purchasing an additional 42,661 shares during the period. AQR Capital Management LLC acquired a new position in shares of Target Hospitality in the 1st quarter valued at approximately $114,000. Goldman Sachs Group Inc. boosted its position in shares of Target Hospitality by 104.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock worth $1,844,000 after acquiring an additional 143,505 shares in the last quarter. Empowered Funds LLC bought a new position in Target Hospitality in the first quarter valued at approximately $660,000. Finally, Strs Ohio bought a new stake in shares of Target Hospitality during the 1st quarter worth $131,000. 32.40% of the stock is currently owned by 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.