Target Hospitality (NASDAQ:TH) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Target Hospitality (NASDAQ:TH) from a hold rating to a sell rating in a research note issued to investors on Saturday.

TH has been the topic of a number of other reports. Texas Capital upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d)” rating on shares of Target Hospitality in a research note on Monday, December 29th. Finally, Stifel Nicolaus set a $11.00 price objective on shares of Target Hospitality in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $11.00.

Target Hospitality Stock Performance

TH stock opened at $9.10 on Friday. The stock’s 50 day simple moving average is $7.59 and its 200 day simple moving average is $7.80. The company has a market cap of $908.00 million, a P/E ratio of -23.95 and a beta of 1.36. Target Hospitality has a fifty-two week low of $5.52 and a fifty-two week high of $9.90.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The firm had revenue of $89.78 million during the quarter, compared to analyst estimates of $85.20 million. Target Hospitality had a negative net margin of 11.58% and a negative return on equity of 8.65%. Equities analysts predict that Target Hospitality will post 0.65 earnings per share for the current year.

Insider Activity at Target Hospitality

In other news, 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 value of $66,060.00. Following the completion of the sale, the executive vice president directly owned 131,742 shares of the company’s stock, valued at $966,986.28. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 68.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Target Hospitality

Several institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG raised its position in Target Hospitality by 4.8% in the 4th quarter. Deutsche Bank AG now owns 33,634 shares of the company’s stock valued at $269,000 after buying an additional 1,526 shares during the last quarter. AdvisorShares Investments LLC lifted its stake in Target Hospitality by 17.9% during the 4th quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock valued at $95,000 after acquiring an additional 1,798 shares in the last quarter. IFP Advisors Inc boosted its holdings in Target Hospitality by 88.0% during the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after acquiring an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after acquiring an additional 2,465 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Target Hospitality by 6.2% in the 2nd quarter. Rhumbline Advisers now owns 50,373 shares of the company’s stock worth $359,000 after acquiring an additional 2,947 shares in the last quarter. Institutional investors own 32.40% of the company’s stock.

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.