Target Hospitality (NASDAQ:TH) Rating Lowered to Sell at Wall Street Zen

Target Hospitality (NASDAQ:TH) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research firms have also commented on TH. Stifel Nicolaus set a $11.00 price target on Target Hospitality in a research report on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research note on Monday, December 29th. Finally, Texas Capital upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $11.00.

Target Hospitality Trading Down 4.0%

Shares of TH stock opened at $9.31 on Friday. The company has a market capitalization of $928.95 million, a P/E ratio of -24.50 and a beta of 1.36. Target Hospitality has a 12-month low of $5.52 and a 12-month high of $9.90. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $7.57 and a 200 day moving average price of $7.81.

Target Hospitality (NASDAQ:TH) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The firm had revenue of $89.78 million for the quarter, compared to the consensus estimate of $85.20 million. Target Hospitality had a negative return on equity of 8.55% and a negative net margin of 11.58%. Research analysts forecast that Target Hospitality will post 0.65 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Heidi Diane Lewis sold 13,456 shares of the stock in a transaction that occurred on 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 directly owned 140,742 shares of the company’s stock, valued at $1,196,307. This represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 68.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted 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 buying an additional 1,873 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Target Hospitality by 121.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock valued at $38,000 after buying an additional 2,465 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Target Hospitality in the 3rd quarter valued at $44,000. Tripletail Wealth Management LLC bought a new stake in shares of Target Hospitality during the third quarter worth $55,000. Finally, AdvisorShares Investments LLC raised its position in shares of Target Hospitality by 17.9% during the fourth quarter. AdvisorShares Investments LLC now owns 11,820 shares of the company’s stock worth $95,000 after acquiring an additional 1,798 shares during 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.