Insider Buying: Target Hospitality (NASDAQ:TH) CEO Acquires $250,165.65 in Stock

Target Hospitality Corp. (NASDAQ:TH) CEO James Bradley Archer purchased 13,385 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average cost of $18.69 per share, with a total value of $250,165.65. Following the completion of the acquisition, the chief executive officer directly owned 1,845,441 shares in the company, valued at $34,491,292.29. The trade was a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Target Hospitality Price Performance

NASDAQ:TH traded up $0.01 on Wednesday, reaching $18.76. The stock had a trading volume of 1,875,223 shares, compared to its average volume of 1,151,627. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.87 billion, a P/E ratio of -49.37 and a beta of 1.51. Target Hospitality Corp. has a 1-year low of $5.97 and a 1-year high of $20.85. The stock has a fifty day moving average price of $17.28 and a 200-day moving average price of $15.67.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%. The company had revenue of $85.45 million during the quarter, compared to analyst estimates of $79.30 million. Research analysts forecast that Target Hospitality Corp. will post -0.05 EPS for the current year.

Analyst Ratings Changes

TH has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $26.00 price target on Target Hospitality in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $23.00 price objective on shares of Target Hospitality in a research note on Thursday, August 27th. Weiss Ratings upgraded Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Morgan Stanley raised their target price on Target Hospitality from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Northland Securities set a $25.00 price target on Target Hospitality in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Target Hospitality has an average rating of “Moderate Buy” and an average target price of $25.20.

Institutional Trading of Target Hospitality

A number of hedge funds and other institutional investors have recently modified their holdings of TH. BlackRock Inc. bought a new position in Target Hospitality in the 2nd quarter worth approximately $64,312,000. Hsbc Holdings PLC bought a new position in Target Hospitality in the 2nd quarter valued at $1,506,000. Arrowstreet Capital Limited Partnership boosted its position in Target Hospitality by 15.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company’s stock valued at $10,032,000 after buying an additional 147,950 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Target Hospitality in the 2nd quarter valued at $8,140,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Target Hospitality by 21.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock valued at $13,259,000 after buying an additional 252,212 shares during the period. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality Corp. (NASDAQ: TH) provides specialty hospitality and workforce accommodation services in North America. The company supports organizations that require temporary or long-term housing and related services in remote, industrial, government, and other challenging operating environments.

Its offerings include modular and prefabricated accommodations, lodging management, food and catering services, housekeeping, maintenance, transportation, security, and other on-site support.