Insider Selling: Target Hospitality (NASDAQ:TH) EVP Sells 12,256 Shares of Stock

Key Points

• Heidi Diane Lewis, EVP of Target Hospitality, sold 12,256 shares for approximately **$106,750**, reducing her stake by **6.64%** to 172,198 shares.
• Target Hospitality's stock increased by **5.8%**, reaching **$9.14**, amidst trading volume of **399,578 shares** on the day of the report.
• Wall Street analysts have improved their ratings on Target Hospitality, with Stifel Nicolaus upgrading the stock to a **"buy"** and raising the price target from $7.50 to **$11.00**.

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) EVP Heidi Diane Lewis sold 12,256 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $8.71, for a total transaction of $106,749.76. Following the sale, the executive vice president directly owned 172,198 shares of the company's stock, valued at $1,499,844.58. This represents a 6.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Target Hospitality Stock Up 5.8%

TH stock traded up $0.50 during midday trading on Wednesday, hitting $9.14. The company's stock had a trading volume of 399,578 shares, compared to its average volume of 584,432. The stock has a market capitalization of $911.99 million, a P/E ratio of 91.40 and a beta of 2.00. The company's fifty day moving average price is $8.32 and its 200 day moving average price is $7.37. Target Hospitality Corp. has a twelve month low of $4.00 and a twelve month high of $11.10. 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 (NASDAQ:TH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). Target Hospitality had a net margin of 3.58% and a return on equity of 3.26%. The company had revenue of $61.61 million during the quarter, compared to analyst estimates of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wall Street Zen raised Target Hospitality from a "sell" rating to a "hold" rating in a report on Sunday. Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and raised their price target for the company 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 assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $13.00.

Hedge Funds Weigh In On Target Hospitality

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC lifted its stake in Target Hospitality by 1.7% during the first quarter. SummerHaven Investment Management LLC now owns 89,337 shares of the company's stock worth $588,000 after purchasing an additional 1,493 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Target Hospitality by 3.3% in the first quarter. Rhumbline Advisers now owns 47,426 shares of the company's stock valued at $312,000 after purchasing an additional 1,515 shares during the period. Inspire Investing LLC increased its holdings in shares of Target Hospitality by 3.7% in the second quarter. Inspire Investing LLC now owns 54,191 shares of the company's stock valued at $386,000 after purchasing an additional 1,951 shares during the period. Deutsche Bank AG grew its holdings in Target Hospitality by 7.1% during the first quarter. Deutsche Bank AG now owns 41,403 shares of the company's stock worth $272,000 after acquiring an additional 2,741 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 worth $1,847,000 after acquiring an additional 3,070 shares during the period. Hedge funds and other institutional investors own 32.40% of the company's stock.

About Target Hospitality

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.

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