Target Hospitality (NASDAQ:TH) EVP Heidi Diane Lewis Sells 13,456 Shares

Target Hospitality Corp. (NASDAQ:TH) EVP Heidi Diane Lewis sold 13,456 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $8.50, for a total transaction of $114,376.00. Following the transaction, the executive vice president directly owned 140,742 shares of the company’s stock, valued at approximately $1,196,307. This represents a 8.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Heidi Diane Lewis also recently made the following trade(s):

• On Monday, November 17th, Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock. The stock was sold at an average price of $6.70, for a total value of $60,300.00.
• On Monday, October 20th, Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock. The shares were sold at an average price of $7.09, for a total value of $63,810.00.
• On Monday, September 22nd, Heidi Diane Lewis sold 12,256 shares of Target Hospitality stock. The stock was sold at an average price of $8.71, for a total value of $106,749.76.

Target Hospitality Stock Performance

Shares of TH traded down $0.15 during mid-day trading on Wednesday, hitting $8.37. The company’s stock had a trading volume of 222,907 shares, compared to its average volume of 551,113. The stock’s 50-day moving average is $7.42 and its two-hundred day moving average is $7.77. The firm has a market capitalization of $835.16 million, a PE ratio of -76.08 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.96 and a current ratio of 0.96. Target Hospitality Corp. has a one year low of $4.00 and a one year high of $11.10.

Target Hospitality (NASDAQ:TH) last announced its earnings results on Thursday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $99.36 million for the quarter, compared to analyst estimates of $85.30 million. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.78%. As a group, sell-side analysts anticipate that Target Hospitality Corp. will post 0.65 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on TH. Wall Street Zen upgraded shares of Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a report on Monday. Finally, Stifel Nicolaus raised Target Hospitality from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Target Hospitality presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Hedge Funds Weigh In On Target Hospitality

Institutional investors and hedge funds have recently modified their holdings of the stock. Appian Way Asset Management LP acquired a new position in Target Hospitality in the 1st quarter valued at $11,872,000. Aristides Capital LLC acquired a new stake in shares of Target Hospitality during the 1st quarter worth $332,000. Nuveen LLC bought a new position in shares of Target Hospitality in the first quarter worth $577,000. Inspire Investing LLC acquired a new position in Target Hospitality in the first quarter valued at about $344,000. Finally, American Century Companies Inc. lifted its position in Target Hospitality by 16.7% during the first quarter. American Century Companies Inc. now owns 811,184 shares of the company’s stock worth $5,338,000 after purchasing an additional 115,868 shares during the period. 32.40% of the stock is currently owned by institutional investors and hedge funds.

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.