Target Hospitality (NASDAQ:TH) Stock Price Down 4.1% – Time to Sell?

Target Hospitality Corp. (NASDAQ:TH) shares fell 4.1% during trading on Thursday . The stock traded as low as $7.04 and last traded at $7.08. 304,123 shares were traded during trading, a decline of 8% from the average session volume of 328,857 shares. The stock had previously closed at $7.38.

Analysts Set New Price Targets

TH has been the topic of several research analyst reports. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Stifel Nicolaus reissued a “buy” rating and set a $11.00 price target on shares of Target Hospitality in a research report on Tuesday, December 30th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.00.

Target Hospitality Stock Performance

The company has a fifty day moving average of $7.85 and a two-hundred day moving average of $7.87. The stock has a market capitalization of $713.43 million, a P/E ratio of -64.99 and a beta of 1.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.96 and a quick ratio of 0.96.

Insider Buying and Selling at Target Hospitality

In related news, EVP Heidi Diane Lewis sold 13,456 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $8.50, for a total transaction of $114,376.00. Following the sale, the executive vice president owned 140,742 shares in the company, valued at $1,196,307. This represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen Robertson bought 145,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was bought at an average price of $6.85 per share, with a total value of $993,250.00. Following the completion of the purchase, the director owned 320,000 shares of the company’s stock, valued at $2,192,000. This trade represents a 82.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 31,456 shares of company stock worth $240,736 over the last 90 days. 68.00% of the stock is currently owned by company insiders.

Institutional Trading of Target Hospitality

Several large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its stake in Target Hospitality by 88.0% during the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after buying an additional 1,873 shares during the period. Russell Investments Group Ltd. increased its position in shares of Target Hospitality by 121.5% during the 3rd 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 period. State of Alaska Department of Revenue bought a new stake in shares of Target Hospitality in the 3rd quarter worth $44,000. Tripletail Wealth Management LLC bought a new stake in shares of Target Hospitality in the 3rd quarter worth $55,000. Finally, AdvisorShares Investments LLC lifted its holdings in shares of Target Hospitality by 17.9% in the fourth 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. 32.40% of the stock is currently owned by institutional investors and hedge funds.

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.