Target Hospitality (NASDAQ:TH) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Target Hospitality (NASDAQ:TH) in a research note published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a $11.00 price target on the stock.

A number of other brokerages have also issued reports on TH. Wall Street Zen raised Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of Target Hospitality in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Target Hospitality currently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Target Hospitality Price Performance

Shares of TH stock opened at $8.11 on Tuesday. The firm has a fifty day simple moving average of $7.62 and a 200-day simple moving average of $7.86. The company has a market capitalization of $809.22 million, a PE ratio of -73.72 and a beta of 1.32. Target Hospitality has a twelve month low of $4.00 and a twelve month high of $11.10. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $99.36 million for the quarter, compared to analyst estimates of $85.30 million. Target Hospitality had a negative net margin of 3.08% and a negative return on equity of 1.78%. Equities research analysts anticipate that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Target Hospitality news, Director Stephen Robertson bought 145,000 shares of the stock in a transaction on Monday, November 17th. The stock was purchased at an average price of $6.85 per share, with a total value of $993,250.00. Following the acquisition, the director owned 320,000 shares of the company’s stock, valued at approximately $2,192,000. The trade was a 82.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Heidi Diane Lewis sold 13,456 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $8.50, for a total value of $114,376.00. Following the completion of the transaction, the executive vice president directly owned 140,742 shares in the company, valued at approximately $1,196,307. This trade represents a 8.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 31,456 shares of company stock worth $238,486. Insiders own 68.00% of the company’s stock.

Hedge Funds Weigh In On Target Hospitality

Institutional investors have recently modified their holdings of the business. Tudor Investment Corp ET AL increased its stake in Target Hospitality by 29.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 291,903 shares of the company’s stock worth $2,475,000 after purchasing an additional 66,322 shares in the last quarter. Saranac Partners Ltd acquired a new position in shares of Target Hospitality in the third quarter valued at approximately $254,000. IFP Advisors Inc increased its position in shares of 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 acquiring an additional 1,873 shares in the last quarter. Philosophy Capital Management LLC raised its holdings in shares of Target Hospitality by 43.4% during the third quarter. Philosophy Capital Management LLC now owns 365,026 shares of the company’s stock worth $3,095,000 after acquiring an additional 110,533 shares during the period. Finally, Kore Advisors LP lifted its position in Target Hospitality by 22.5% in the 3rd quarter. Kore Advisors LP now owns 324,795 shares of the company’s stock valued at $2,754,000 after acquiring an additional 59,726 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.