Target Hospitality (NASDAQ:TH) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Target Hospitality (NASDAQ:TH) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 price target for the company in a report on Tuesday, March 17th. Stifel Nicolaus set a $11.00 price objective on Target Hospitality in a report on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a research report on Friday, March 27th. Finally, Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.00.

Target Hospitality Stock Performance

Shares of TH opened at $13.88 on Friday. The firm’s fifty day simple moving average is $8.26 and its two-hundred day simple moving average is $7.95. Target Hospitality has a 12 month low of $5.97 and a 12 month high of $13.90. The stock has a market capitalization of $1.39 billion, a P/E ratio of -36.53 and a beta of 1.12.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Target Hospitality had a negative return on equity of 8.65% and a negative net margin of 11.58%.The business had revenue of $89.78 million during the quarter, compared to the consensus estimate of $85.20 million. As a group, research analysts predict that Target Hospitality will post 0.65 EPS for the current fiscal year.

Insider Activity

In related news, EVP Heidi Diane Lewis sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total transaction of $66,060.00. Following the sale, the executive vice president directly owned 131,742 shares in the company, valued at approximately $966,986.28. This represents a 6.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 68.00% of the stock is currently owned by company insiders.

Institutional Trading of Target Hospitality

A number of hedge funds and other institutional investors have recently bought and sold shares of TH. Cooper Creek Partners Management LLC purchased a new position in Target Hospitality during the second quarter worth about $8,556,000. Tudor Investment Corp ET AL raised its holdings in shares of Target Hospitality by 29.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 291,903 shares of the company’s stock valued at $2,475,000 after acquiring an additional 66,322 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Target Hospitality by 56.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 117,831 shares of the company’s stock valued at $839,000 after acquiring an additional 42,447 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new stake in shares of Target Hospitality during the 4th quarter valued at $112,000. Finally, AdvisorShares Investments LLC lifted its holdings in shares of Target Hospitality by 17.9% during the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock worth $95,000 after acquiring an additional 1,798 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

About Target Hospitality

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.