Stephen Robertson Purchases 125,000 Shares of Target Hospitality (NASDAQ:TH) Stock

Target Hospitality Corp. (NASDAQ:TH) Director Stephen Robertson purchased 125,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average cost of $7.94 per share, with a total value of $992,500.00. Following the purchase, the director directly owned 445,000 shares in the company, valued at approximately $3,533,300. The trade was a 39.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Stephen Robertson also recently made the following trade(s):

• On Monday, November 17th, Stephen Robertson bought 145,000 shares of Target Hospitality stock. The shares were acquired at an average price of $6.85 per share, with a total value of $993,250.00.

Target Hospitality Price Performance

TH traded up $0.01 during midday trading on Thursday, reaching $7.77. 311,305 shares of the company’s stock were exchanged, compared to its average volume of 558,102. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.10. The stock has a market capitalization of $775.29 million, a PE ratio of -70.63 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day moving average price is $7.39 and its 200 day moving average price is $7.70.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.78%. The business had revenue of $99.36 million during the quarter, compared to analysts’ expectations of $85.30 million. As a group, equities analysts anticipate that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on TH shares. Wall Street Zen raised Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Stifel Nicolaus upgraded Target Hospitality from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $7.50 to $11.00 in a research report on Tuesday, August 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Target Hospitality in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Target Hospitality currently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Hedge Funds Weigh In On Target Hospitality

A number of large investors have recently bought and sold shares of TH. IFP Advisors Inc boosted its holdings in shares of Target Hospitality by 88.0% in the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after purchasing an additional 1,873 shares during the last quarter. Philosophy Capital Management LLC raised its position in shares of Target Hospitality by 43.4% in the 3rd quarter. Philosophy Capital Management LLC now owns 365,026 shares of the company’s stock worth $3,095,000 after buying an additional 110,533 shares during the period. Kore Advisors LP boosted its holdings in Target Hospitality by 22.5% in the third quarter. Kore Advisors LP now owns 324,795 shares of the company’s stock valued at $2,754,000 after acquiring an additional 59,726 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Target Hospitality by 78.5% in the third quarter. Bridgeway Capital Management LLC now owns 241,294 shares of the company’s stock valued at $2,046,000 after acquiring an additional 106,115 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Target Hospitality by 25.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock valued at $8,913,000 after acquiring an additional 211,634 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.