Target Hospitality (NASDAQ:TH) Trading Down 5.3% – What’s Next?

Target Hospitality Corp. (NASDAQ:TH)’s stock price dropped 5.3% on Friday . The company traded as low as $6.70 and last traded at $6.63. Approximately 44,061 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 324,994 shares. The stock had previously closed at $7.00.

Wall Street Analyst Weigh In

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

Target Hospitality Stock Down 5.2%

The stock has a fifty day moving average of $7.68 and a 200-day moving average of $7.85. The firm has a market capitalization of $661.54 million, a price-to-earnings ratio of -60.27 and a beta of 1.36. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01.

Insider Activity

In related news, EVP Heidi Diane Lewis sold 13,456 shares of the firm’s stock in a transaction that occurred 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 owned 140,742 shares of the company’s stock, valued at approximately $1,196,307. This trade represents a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen Robertson acquired 125,000 shares of the stock in a transaction on Wednesday, December 3rd. The shares were purchased at an average price of $7.94 per share, for a total transaction of $992,500.00. Following the completion of the transaction, the director owned 445,000 shares in the company, valued at approximately $3,533,300. This represents a 39.06% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 68.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TH. Invesco Ltd. boosted its position in Target Hospitality by 20.1% during the 4th quarter. Invesco Ltd. now owns 70,385 shares of the company’s stock worth $564,000 after acquiring an additional 11,793 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Target Hospitality during the fourth quarter worth approximately $118,000. Fuller & Thaler Asset Management Inc. purchased a new position in Target Hospitality during the fourth quarter valued at approximately $448,000. Empowered Funds LLC increased its stake in Target Hospitality by 34.1% in the 4th quarter. Empowered Funds LLC now owns 216,340 shares of the company’s stock valued at $1,733,000 after buying an additional 55,046 shares during the period. Finally, Millennium Management LLC purchased a new stake in Target Hospitality in the 4th quarter worth approximately $167,000. 32.40% of the stock is owned by institutional investors and hedge funds.

Target Hospitality Company Profile

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.