Insider Buying: Target Hospitality (NASDAQ:TH) CEO Acquires $312,675.00 in Stock

Target Hospitality Corp. (NASDAQ:TH – Get Free Report) CEO James Archer acquired 27,500 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was acquired at an average cost of $11.37 per share, with a total value of $312,675.00. Following the acquisition, the chief executive officer owned 1,872,941 shares of the company’s stock, valued at $21,295,339.17. This trade represents a 1.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

James Bradley Archer also recently made the following trade(s):

  • On Tuesday, September 15th, James Archer acquired 13,385 shares of Target Hospitality stock. The shares were bought at an average price of $18.69 per share, with a total value of $250,165.65.

Target Hospitality Stock Up 14.6%

TH opened at $11.80 on Thursday. Target Hospitality Corp. has a 12 month low of $6.10 and a 12 month high of $21.76. The stock’s 50 day moving average price is $17.06 and its 200 day moving average price is $14.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.45 and a quick ratio of 0.65. The stock has a market cap of $1.18 billion, a P/E ratio of -25.65 and a beta of 1.56.

Target Hospitality (NASDAQ:TH – Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $129.06 million for the quarter, compared to the consensus estimate of $118.35 million. Target Hospitality had a negative net margin of 12.23% and a negative return on equity of 12.29%. As a group, research analysts predict that Target Hospitality Corp. will post -0.04 earnings per share for the current year.

Top Target Hospitality Stories

Here are a few of the latest stories about TH:

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Oppenheimer increased their price objective on Target Hospitality from $24.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 8th. Deutsche Bank reiterated a “buy” rating and set a $23.00 price target on shares of Target Hospitality in a report on Thursday, August 27th. Northland Securities set a $25.00 price objective on Target Hospitality in a research report on Thursday, August 27th. Weiss Ratings cut shares of Target Hospitality from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday. Finally, Stifel Nicolaus set a $26.00 target price on Target Hospitality in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Target Hospitality currently has a consensus rating of “Moderate Buy” and an average price target of $25.20.

Read Our Latest Research Report on TH

Institutional Investors Weigh In On Target Hospitality

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Target Hospitality in the second quarter valued at approximately $64,312,000. Senator Investment Group LP bought a new position in shares of Target Hospitality in the second quarter valued at approximately $28,491,000. Bank of New York Mellon Corp bought a new position in shares of Target Hospitality during the 2nd quarter worth approximately $8,140,000. Royce & Associates LP boosted its position in Target Hospitality by 71.5% in the third quarter. Royce & Associates LP now owns 898,625 shares of the company’s stock worth $17,721,000 after purchasing an additional 374,684 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Target Hospitality in the 2nd quarter worth about $7,142,000. Institutional investors own 32.40% of the company’s stock.

About Target Hospitality

(Get Free Report)

Target Hospitality Corporation provides modular accommodations and hospitality services for workers and other groups who need lodging near remote or specialized locations. Its services include lodging, dining, housekeeping, laundry, and recreation, with facilities designed to support extended stays. The company serves customers in industries such as energy and natural resources, as well as government clients. Its operations are primarily in the United States, including locations in the Permian Basin and other areas where traditional lodging may be limited.

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Insider Buying and Selling by Quarter for Target Hospitality (NASDAQ:TH)

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