James Bradley Archer Acquires 13,385 Shares of Target Hospitality (NASDAQ:TH) Stock

Key Points

• CEO James Bradley Archer bought 13,385 Target Hospitality shares at an average price of $18.69, investing approximately $250,166 and increasing his direct ownership to 1.85 million shares.
• Target Hospitality shares recently traded at $18.76, near their one-year high of $20.85. The company exceeded quarterly revenue and earnings expectations, reporting $85.45 million in revenue and EPS of negative $0.09.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $25.20, while institutional investors own 32.4% of the company.

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) CEO James Bradley Archer purchased 13,385 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of $18.69 per share, for a total transaction of $250,165.65. Following the completion of the transaction, the chief executive officer directly owned 1,845,441 shares in the company, valued at approximately $34,491,292.29. The trade was a 0.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Target Hospitality Stock Performance

Shares of NASDAQ:TH traded up $0.01 on Wednesday, hitting $18.76. 1,875,223 shares of the company were exchanged, compared to its average volume of 1,151,627. The company's 50 day moving average price is $17.28 and its two-hundred day moving average price is $15.67. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -49.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 0.65. Target Hospitality Corp. has a one year low of $5.97 and a one year high of $20.85.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, beating 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 business had revenue of $85.45 million during the quarter, compared to analysts' expectations of $79.30 million. Research analysts expect that Target Hospitality Corp. will post -0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Target Hospitality from $24.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, September 8th. Stifel Nicolaus set a $26.00 target price on Target Hospitality in a research report on Thursday, August 27th. Morgan Stanley lifted their price target on shares of Target Hospitality from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $23.00 price target on shares of Target Hospitality in a report on Thursday, August 27th. Finally, Northland Securities set a $25.00 price objective on shares of Target Hospitality in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.20.

Institutional Investors Weigh In On Target Hospitality

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Target Hospitality in the 2nd quarter valued at $64,312,000. Hsbc Holdings PLC bought a new stake in Target Hospitality in the second quarter valued at $1,506,000. Arrowstreet Capital Limited Partnership raised its stake in Target Hospitality by 15.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company's stock worth $10,032,000 after acquiring an additional 147,950 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Target Hospitality during the second quarter worth $8,140,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Target Hospitality by 21.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company's stock valued at $13,259,000 after acquiring an additional 252,212 shares during the period. 32.40% of the stock is currently owned by institutional investors.

About Target Hospitality

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.

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