Fortitude Advisory Group L.L.C. Sells 10,000 Shares of Target Hospitality Corp. $TH

Fortitude Advisory Group L.L.C. lowered its position in shares of Target Hospitality Corp. (NASDAQ:TH) by 20.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,000 shares of the company’s stock after selling 10,000 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Target Hospitality were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. SummerHaven Investment Management LLC boosted its position in Target Hospitality by 1.7% during the first quarter. SummerHaven Investment Management LLC now owns 89,337 shares of the company’s stock valued at $588,000 after acquiring an additional 1,493 shares during the last quarter. Rhumbline Advisers boosted its position in Target Hospitality by 3.3% during the first quarter. Rhumbline Advisers now owns 47,426 shares of the company’s stock valued at $312,000 after acquiring an additional 1,515 shares during the last quarter. Deutsche Bank AG boosted its position in Target Hospitality by 7.1% during the first quarter. Deutsche Bank AG now owns 41,403 shares of the company’s stock valued at $272,000 after acquiring an additional 2,741 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Target Hospitality by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 280,627 shares of the company’s stock valued at $1,847,000 after acquiring an additional 3,070 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its position in Target Hospitality by 1,305.4% during the second quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company’s stock valued at $30,000 after acquiring an additional 3,864 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Price Performance

TH stock opened at $7.91 on Friday. The stock has a market capitalization of $789.26 million, a PE ratio of 79.10 and a beta of 1.92. The company’s 50-day moving average is $8.44 and its 200-day moving average is $7.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.47. Target Hospitality Corp. has a 1 year low of $4.00 and a 1 year high of $11.10.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The company had revenue of $61.61 million for the quarter, compared to the consensus estimate of $56.43 million. Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%. Target Hospitality has set its FY 2025 guidance at EPS. Equities research analysts expect that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Insider Transactions at Target Hospitality

In related news, EVP Troy C. Schrenk sold 49,344 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $8.58, for a total value of $423,371.52. Following the sale, the executive vice president owned 174,553 shares in the company, valued at $1,497,664.74. This represents a 22.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Heidi Diane Lewis sold 12,256 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $8.71, for a total transaction of $106,749.76. Following the completion of the sale, the executive vice president owned 172,198 shares in the company, valued at $1,499,844.58. This represents a 6.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 68.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TH. Stifel Nicolaus raised shares of Target Hospitality from a “hold” rating to a “buy” rating and upped their price target for the company from $7.50 to $11.00 in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Target Hospitality in a research report on Saturday, September 27th. Finally, Wall Street Zen cut shares of Target Hospitality from a “hold” rating to a “sell” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Target Hospitality Company Profile

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.