Eli Baker Purchases 1,000 Shares of Target Hospitality Corp. (NYSE:TH) Stock

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Target Hospitality Corp. (NYSE:TH) CFO Eli Baker acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average price of $10.26 per share, for a total transaction of $10,260.00. Following the completion of the purchase, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $20,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Eli Baker also recently made the following trade(s):

  • On Monday, August 19th, Eli Baker acquired 7,500 shares of Target Hospitality stock. The shares were acquired at an average cost of $6.85 per share, with a total value of $51,375.00.

TH traded up $0.06 during midday trading on Wednesday, hitting $6.20. The stock had a trading volume of 160,280 shares, compared to its average volume of 327,340. The company’s fifty day moving average is $7.50. Target Hospitality Corp. has a 1 year low of $5.65 and a 1 year high of $12.11.

Target Hospitality (NYSE:TH) last issued its earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The business had revenue of $81.36 million during the quarter, compared to analyst estimates of $82.58 million.

A number of institutional investors and hedge funds have recently modified their holdings of TH. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Target Hospitality by 253.0% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,300 shares of the company’s stock valued at $267,000 after buying an additional 21,000 shares during the last quarter. Cowen Inc. bought a new stake in Target Hospitality during the 2nd quarter valued at approximately $958,000. Susquehanna International Group LLP purchased a new position in Target Hospitality during the 2nd quarter valued at approximately $203,000. Equitable Trust Co. boosted its holdings in shares of Target Hospitality by 295.0% in the 2nd quarter. Equitable Trust Co. now owns 114,840 shares of the company’s stock worth $1,045,000 after purchasing an additional 85,765 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Target Hospitality in the 2nd quarter worth approximately $1,710,000.

TH has been the subject of several recent analyst reports. Deutsche Bank initiated coverage on Target Hospitality in a report on Tuesday, May 21st. They set a “buy” rating and a $14.00 price objective for the company. Northland Securities reissued a “buy” rating and set a $12.00 price objective on shares of Target Hospitality in a report on Tuesday. Credit Suisse Group initiated coverage on Target Hospitality in a report on Thursday, May 23rd. They set an “outperform” rating and a $13.00 price objective for the company. Stifel Nicolaus initiated coverage on Target Hospitality in a report on Wednesday, May 15th. They set a “buy” rating and a $10.59 price objective for the company. Finally, Oppenheimer initiated coverage on Target Hospitality in a report on Thursday, May 23rd. They set an “outperform” rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $12.52.

About Target Hospitality

Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.

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