Target Hospitality (NASDAQ:TH) EVP Heidi Diane Lewis Sells 9,000 Shares

Key Points

• Heidi Diane Lewis, EVP of Target Hospitality, sold 9,000 shares at an average price of $7.09, totaling approximately $63,810, reducing her stake by 5.23% to 163,198 shares.
• Target Hospitality reported a net loss of $0.15 EPS, missing the consensus estimate of ($0.11) by ($0.04), despite revenue of $61.61 million exceeding expectations.
• Analysts have mixed views on the stock, with ratings ranging from Strong Buy to Sell, and an average price target of $13.00.

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) EVP Heidi Diane Lewis sold 9,000 shares of the firm's stock in a transaction on Monday, October 20th. The stock was sold at an average price of $7.09, for a total transaction of $63,810.00. Following the transaction, the executive vice president directly owned 163,198 shares of the company's stock, valued at approximately $1,157,073.82. This trade represents a 5.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $106,749.76.

Target Hospitality Stock Performance

Shares of TH traded down $0.07 during trading hours on Wednesday, hitting $7.26. The stock had a trading volume of 353,475 shares, compared to its average volume of 561,268. 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 firm has a 50-day moving average price of $8.36 and a 200 day moving average price of $7.60. 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 $724.40 million, a price-to-earnings ratio of 72.60 and a beta of 1.92.

Target Hospitality (NASDAQ:TH - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Target Hospitality Corp. will post 0.65 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TH shares. Wall Street Zen cut shares of Target Hospitality from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Weiss Ratings reissued a "sell (d+)" rating on shares of Target Hospitality in a report on Wednesday, October 8th. Finally, Stifel Nicolaus raised shares of Target Hospitality from a "hold" rating to a "buy" rating and boosted their price target for the stock from $7.50 to $11.00 in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $13.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Rubric Capital Management LP lifted its position in Target Hospitality by 9.5% in the second quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company's stock valued at $15,589,000 after buying an additional 189,456 shares during the last quarter. Appian Way Asset Management LP acquired a new position in Target Hospitality in the first quarter valued at about $11,872,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Target Hospitality in the first quarter valued at about $11,441,000. Cooper Creek Partners Management LLC acquired a new position in Target Hospitality in the second quarter valued at about $8,556,000. Finally, American Century Companies Inc. lifted its position in shares of Target Hospitality by 7.3% during the second quarter. American Century Companies Inc. now owns 870,263 shares of the company's stock worth $6,196,000 after purchasing an additional 59,079 shares in the last quarter. Institutional investors and hedge funds 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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