Target Hospitality Corp. (NYSE:TH) Director Andrew P. Studdert bought 10,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were bought at an average price of $10.78 per share, for a total transaction of $107,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE:TH traded up $0.13 during trading on Monday, hitting $10.83. 252,800 shares of the company were exchanged, compared to its average volume of 242,066. Target Hospitality Corp. has a 52-week low of $9.26 and a 52-week high of $12.11.

Target Hospitality (NYSE:TH) last posted its earnings results on Tuesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $81.98 million for the quarter.

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP purchased a new stake in shares of Target Hospitality in the first quarter worth $28,500,000. Private Capital Management LLC purchased a new stake in shares of Target Hospitality in the first quarter worth $9,646,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Target Hospitality in the first quarter worth $8,656,000. Arrowgrass Capital Partners US LP purchased a new stake in shares of Target Hospitality in the first quarter worth $8,550,000. Finally, Mint Tower Capital Management B.V. purchased a new stake in shares of Target Hospitality in the first quarter worth $1,202,000.

Separately, Stifel Nicolaus began coverage on Target Hospitality in a research report on Wednesday, May 15th. They set a “buy” rating and a $10.59 target price on the stock.

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Target Hospitality Company Profile

Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.

Further Reading: Net Margin

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