Target Hospitality (NASDAQ:TH) Shares Gap Up – What’s Next?

Target Hospitality Corp. (NASDAQ:TH) shares gapped up before the market opened on Tuesday . The stock had previously closed at $6.54, but opened at $6.90. Target Hospitality shares last traded at $6.9730, with a volume of 129,854 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently commented on TH. Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a report on Monday, December 29th. Wall Street Zen raised Target Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $11.00 price target on shares of Target Hospitality in a research note on Tuesday, December 30th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.00.

Target Hospitality Trading Up 5.4%

The stock has a market cap of $687.48 million, a P/E ratio of -62.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s fifty day simple moving average is $7.64 and its 200-day simple moving average is $7.85.

Insider Buying and Selling at Target Hospitality

In other Target Hospitality news, EVP Heidi Diane Lewis sold 13,456 shares of the company’s stock in a transaction 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 owned 140,742 shares of the company’s stock, valued at approximately $1,196,307. This represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen Robertson purchased 125,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were acquired at an average price of $7.94 per share, with a total value of $992,500.00. Following the completion of the acquisition, the director owned 445,000 shares in the company, valued at approximately $3,533,300. This trade represents a 39.06% increase in their position. The disclosure for this purchase is available in the SEC filing. 68.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Target Hospitality

A number of hedge funds have recently added to or reduced their stakes in TH. Cooper Creek Partners Management LLC bought a new position in shares of Target Hospitality during the 2nd quarter worth approximately $8,556,000. 71 West Capital Partners acquired a new position in shares of Target Hospitality during the 4th quarter valued at $7,147,000. Vanguard Group Inc. lifted its position in shares of Target Hospitality by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,994,641 shares of the company’s stock valued at $16,915,000 after acquiring an additional 600,181 shares during the period. Royce & Associates LP bought a new position in Target Hospitality during the fourth quarter worth $2,801,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Target Hospitality by 25.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,051,089 shares of the company’s stock worth $8,913,000 after purchasing an additional 211,634 shares during the period. 32.40% of the stock is currently owned by institutional investors.

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.