Target Hospitality (NASDAQ:TH) Insider Troy Schrenk Acquires 5,907 Shares of Stock

Target Hospitality Corp. (NASDAQ:TH) insider Troy Schrenk acquired 5,907 shares of the stock in a transaction on Friday, September 18th. The shares were bought at an average cost of $21.16 per share, for a total transaction of $124,992.12. Following the purchase, the insider directly owned 216,995 shares of the company’s stock, valued at $4,591,614.20. The trade was a 2.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Target Hospitality Trading Up 2.1%

Shares of TH opened at $21.19 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $2.11 billion, a P/E ratio of -55.76 and a beta of 1.51. The firm has a 50-day moving average price of $17.40 and a 200 day moving average price of $15.88. Target Hospitality Corp. has a 12-month low of $5.97 and a 12-month high of $21.42.

Target Hospitality (NASDAQ:TH) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $85.45 million during the quarter, compared to analysts’ expectations of $79.30 million. Target Hospitality had a negative net margin of 10.85% and a negative return on equity of 9.80%. Sell-side analysts forecast that Target Hospitality Corp. will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TH. Stifel Nicolaus set a $26.00 price target on shares of Target Hospitality in a research report on Thursday, August 27th. Morgan Stanley increased their price objective on shares of Target Hospitality from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, September 14th. Weiss Ratings raised Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Oppenheimer upped their price target on Target Hospitality from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 8th. Finally, Northland Securities set a $25.00 price objective on Target Hospitality in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in Target Hospitality during the 2nd quarter worth approximately $27,000. AdvisorShares Investments LLC boosted its position in Target Hospitality by 17.9% in the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock valued at $95,000 after buying an additional 1,798 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Target Hospitality by 2.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,692 shares of the company’s stock worth $2,132,000 after acquiring an additional 2,634 shares in the last quarter. Galaxy Digital Capital Management GP LLC acquired a new position in shares of Target Hospitality in the first quarter worth $67,000. Finally, State of Wyoming purchased a new stake in shares of Target Hospitality during the second quarter worth $191,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

About Target Hospitality

Target Hospitality Corp. (NASDAQ: TH) provides specialty hospitality and workforce accommodation services in North America. The company supports organizations that require temporary or long-term housing and related services in remote, industrial, government, and other challenging operating environments.

Its offerings include modular and prefabricated accommodations, lodging management, food and catering services, housekeeping, maintenance, transportation, security, and other on-site support.