Texas Capital Upgrades Target Hospitality (NASDAQ:TH) to “Strong-Buy”

Target Hospitality (NASDAQ:TH) was upgraded by stock analysts at Texas Capital from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus set a $11.00 price objective on shares of Target Hospitality in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Target Hospitality Price Performance

Shares of TH opened at $9.31 on Thursday. The firm has a market capitalization of $928.95 million, a PE ratio of -24.50 and a beta of 1.36. The company’s 50-day moving average is $7.57 and its 200-day moving average is $7.81. Target Hospitality has a fifty-two week low of $5.52 and a fifty-two week high of $9.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.96 and a quick ratio of 0.96.

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

Insiders Place Their Bets

In other Target Hospitality news, EVP Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock in a transaction dated Tuesday, January 20th. The shares were 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 owned 131,742 shares in the company, valued at $966,986.28. The trade was a 6.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 68.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Target Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cooper Creek Partners Management LLC acquired a new stake in Target Hospitality during the second quarter worth approximately $8,556,000. Kore Advisors LP increased its stake in Target Hospitality by 9.7% during the 2nd quarter. Kore Advisors LP now owns 265,069 shares of the company’s stock worth $1,887,000 after acquiring an additional 23,518 shares during the period. IFP Advisors Inc raised its holdings in Target Hospitality by 88.0% in the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock valued at $35,000 after acquiring an additional 1,873 shares in the last quarter. 71 West Capital Partners acquired a new position in Target Hospitality in the 4th quarter valued at $7,147,000. Finally, AdvisorShares Investments LLC lifted its position in shares of 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 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.