Target Hospitality (NASDAQ:TH) Stock Price Down 4.1% – What’s Next?

Target Hospitality Corp. (NASDAQ:TH)’s stock price fell 4.1% during mid-day trading on Thursday . The company traded as low as $7.04 and last traded at $7.08. 304,123 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 328,857 shares. The stock had previously closed at $7.38.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Target Hospitality in a research 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 reaffirmed a “buy” rating and issued a $11.00 target price on shares of Target Hospitality in a report on Tuesday, December 30th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Target Hospitality currently has a consensus rating of “Hold” and an average price target of $11.00.

Target Hospitality Stock Performance

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 stock has a 50 day moving average of $7.87 and a 200 day moving average of $7.87. The company has a market capitalization of $706.44 million, a price-to-earnings ratio of -64.36 and a beta of 1.36.

Insiders Place Their Bets

In other Target Hospitality news, Director Stephen Robertson purchased 125,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was purchased at an average cost of $7.94 per share, for a total transaction of $992,500.00. Following the acquisition, the director owned 445,000 shares in the company, valued at approximately $3,533,300. The trade was a 39.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Heidi Diane Lewis sold 9,000 shares of Target Hospitality stock in a transaction that occurred on Tuesday, January 20th. The stock was 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 of the company’s stock, valued at approximately $966,986.28. The trade was a 6.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,456 shares of company stock worth $240,736 in the last ninety days. Insiders own 68.00% of the company’s stock.

Institutional Trading of Target Hospitality

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tripletail Wealth Management LLC raised its position in shares of Target Hospitality by 62.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock worth $93,000 after purchasing an additional 4,460 shares during the period. Dimensional Fund Advisors LP lifted its position in Target Hospitality by 17.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,176,561 shares of the company’s stock valued at $9,425,000 after acquiring an additional 171,324 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Target Hospitality during the 4th quarter worth approximately $448,000. Empowered Funds LLC raised its stake in shares of Target Hospitality by 34.1% in the fourth quarter. Empowered Funds LLC now owns 216,340 shares of the company’s stock worth $1,733,000 after purchasing an additional 55,046 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Target Hospitality by 4.8% in the fourth quarter. Deutsche Bank AG now owns 33,634 shares of the company’s stock valued at $269,000 after purchasing an additional 1,526 shares in the last quarter. 32.40% of the stock is owned by institutional investors.

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.