Target Hospitality (NASDAQ:TH) Issues Quarterly Earnings Results

Target Hospitality (NASDAQ:TH) issued its earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05), FiscalAI reports. The business had revenue of $89.78 million for the quarter, compared to analysts’ expectations of $85.20 million. Target Hospitality had a negative return on equity of 1.78% and a negative net margin of 3.08%.

Target Hospitality Stock Up 1.0%

TH opened at $7.98 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $796.24 million, a price-to-earnings ratio of -72.54 and a beta of 1.36. Target Hospitality has a one year low of $5.10 and a one year high of $9.22. The business’s fifty day moving average is $7.49 and its two-hundred day moving average is $7.79.

Analysts Set New Price Targets

Several research analysts have issued reports on TH shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research report on Monday, December 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $11.00 price target on shares of Target Hospitality in a research note on Tuesday, December 30th. 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 Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Insider Buying and Selling at Target Hospitality

In other news, EVP Heidi Diane Lewis sold 13,456 shares of the firm’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 completion of the transaction, the executive vice president directly owned 140,742 shares of the company’s stock, valued at $1,196,307. This trade represents a 8.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 68.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Target Hospitality

Several hedge funds have recently made changes to their positions in TH. IFP Advisors Inc grew its position 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 purchasing an additional 1,873 shares during the period. Russell Investments Group Ltd. boosted its stake in Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after buying an additional 2,465 shares during the last quarter. Tripletail Wealth Management LLC grew its holdings in Target Hospitality by 62.2% in the 4th quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock valued at $93,000 after buying an additional 4,460 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of Target Hospitality during the 3rd quarter valued at about $95,000. Finally, AQR Capital Management LLC acquired a new position in shares of Target Hospitality during the 1st quarter valued at about $114,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

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.