Insider Selling: Target Hospitality (NASDAQ:TH) EVP Sells 49,344 Shares of 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 Schrenk sold 49,344 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $8.58, for a total value of $423,371.52. Following the transaction, the executive vice president 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 Securities & Exchange Commission, which is accessible through the SEC website.

Target Hospitality Stock Performance

Target Hospitality stock traded up $0.23 during mid-day trading on Monday, hitting $8.89. 460,473 shares of the company's stock traded hands, compared to its average volume of 585,403. The firm has a 50 day moving average price of $8.28 and a 200 day moving average price of $7.34. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The company has a market cap of $887.04 million, a PE ratio of 88.90 and a beta of 2.00. Target Hospitality Corp. has a one year low of $4.00 and a one year high of $11.10.

Target Hospitality (NASDAQ:TH - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The business had revenue of $61.61 million for the quarter, compared to the consensus estimate of $56.43 million. Target Hospitality had a net margin of 3.58% and a return on equity of 3.26%. Target Hospitality has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Target Hospitality Corp. will post 0.65 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Target Hospitality

Several large investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc lifted its position 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 purchasing an additional 3,864 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Target Hospitality by 44.0% in the 1st quarter. Royce & Associates LP now owns 15,783 shares of the company's stock worth $104,000 after buying an additional 4,819 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Target Hospitality in the 4th quarter valued at $105,000. EntryPoint Capital LLC acquired a new position in Target Hospitality in the first quarter valued at about $108,000. Finally, AQR Capital Management LLC bought a new stake in Target Hospitality during the 1st quarter worth approximately $114,000. 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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