Target Hospitality (NASDAQ:TH) EVP Sells $423,371.52 in Stock

Key Points

• Target Hospitality's EVP Troy Schrenk sold 49,344 shares of stock at an average price of $8.58, totaling approximately $423,371.52, leading to a 22.04% decrease in his holdings.
• After the insider sale, Target Hospitality's stock recently traded at $8.89, with a market cap of $887.04 million and a PE ratio of 88.90.
• Analyst upgrades include Stifel Nicolaus changing its rating from "hold" to "buy" and setting a price target increase to $11.00, with a consensus rating of "Buy" and an average target price of $13.00.

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) EVP Troy C. Schrenk sold 49,344 shares of Target Hospitality stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $8.58, for a total transaction of $423,371.52. Following the sale, the executive vice president directly owned 174,553 shares of the company's stock, valued at $1,497,664.74. This represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Target Hospitality Trading Down 2.0%

TH traded down $0.18 during trading on Tuesday, reaching $8.72. 272,770 shares of the company's stock were exchanged, compared to its average volume of 583,618. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.10. The firm has a market capitalization of $869.58 million, a PE ratio of 87.15 and a beta of 2.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.47 and a current ratio of 1.47. The company's fifty day moving average price is $8.30 and its 200-day moving average price is $7.36.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $61.61 million during the quarter, compared to the consensus estimate of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Target Hospitality Corp. will post 0.65 EPS for the current year.

Hedge Funds Weigh In On Target Hospitality

A number of large investors have recently modified their holdings of TH. AdvisorNet Financial Inc boosted its stake in shares of Target Hospitality by 1,305.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,160 shares of the company's stock worth $30,000 after buying an additional 3,864 shares during the last quarter. Royce & Associates LP lifted its stake in Target Hospitality by 44.0% in the 1st quarter. Royce & Associates LP now owns 15,783 shares of the company's stock valued at $104,000 after purchasing an additional 4,819 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Target Hospitality in the 4th quarter valued at about $105,000. EntryPoint Capital LLC acquired a new stake in Target Hospitality in the 1st quarter valued at about $108,000. Finally, AQR Capital Management LLC acquired a new stake in Target Hospitality in the 1st quarter valued at about $114,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Target Hospitality from a "sell" rating to a "hold" rating in a research report on Sunday. Stifel Nicolaus upgraded Target Hospitality from a "hold" rating to a "buy" rating and increased their target price for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Target Hospitality has a consensus rating of "Buy" and a consensus price target of $13.00.

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.