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

Target Hospitality Corp. (NASDAQ:TH) EVP Heidi Diane Lewis sold 9,000 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $7.34, for a total transaction of $66,060.00. Following the transaction, the executive vice president directly owned 131,742 shares of the company’s stock, valued at $966,986.28. The trade was a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, December 15th, Heidi Diane Lewis sold 13,456 shares of Target Hospitality stock. The stock was sold at an average price of $8.50, for a total value of $114,376.00.
• On Monday, November 17th, Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock. The stock was sold at an average price of $6.70, for a total value of $60,300.00.

Target Hospitality Price Performance

TH stock opened at $7.39 on Friday. The business’s fifty day moving average price is $7.93 and its 200 day moving average price is $7.94. Target Hospitality Corp. has a 12-month low of $4.00 and a 12-month high of $10.28. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $737.37 million, a PE ratio of -67.18 and a beta of 1.34.

Target Hospitality (NASDAQ:TH) last released its earnings results on Thursday, November 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $99.36 million during the quarter, compared to the consensus estimate of $85.30 million. Target Hospitality had a negative return on equity of 1.78% and a negative net margin of 3.08%. On average, sell-side analysts anticipate that Target Hospitality Corp. will post 0.65 EPS for the current year.

Hedge Funds Weigh In On Target Hospitality

A number of institutional investors and hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc lifted its holdings in 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 buying an additional 3,864 shares during the last quarter. IFP Advisors Inc lifted its stake in Target Hospitality by 88.0% during the third quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after purchasing an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Target Hospitality by 121.5% in the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after purchasing an additional 2,465 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Target Hospitality during the third quarter worth approximately $44,000. Finally, Tripletail Wealth Management LLC acquired a new stake in Target Hospitality during the third quarter worth approximately $55,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TH shares. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research report on Monday, December 29th. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $11.00 target price on shares of Target Hospitality in a research note on Tuesday, December 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target Hospitality presently has a consensus rating of “Hold” and a consensus price target of $13.00.

About Target Hospitality

Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.

In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.