Target Hospitality (NASDAQ:TH) Director Stephen Robertson Buys 125,000 Shares of Stock

Target Hospitality Corp. (NASDAQ:TH) Director Stephen Robertson bought 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were acquired 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 $3,533,300. This represents a 39.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Stephen Robertson also recently made the following trade(s):

• On Monday, November 17th, Stephen Robertson acquired 145,000 shares of Target Hospitality stock. The shares were bought at an average cost of $6.85 per share, for a total transaction of $993,250.00.

Target Hospitality Trading Up 5.1%

TH stock opened at $8.17 on Friday. The business’s 50 day moving average is $7.37 and its 200-day moving average is $7.70. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01. The firm has a market cap of $815.10 million, a P/E ratio of -74.40 and a beta of 1.32. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.10.

Target Hospitality (NASDAQ:TH) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $99.36 million for the quarter, compared to analysts’ expectations of $85.30 million. Target Hospitality had a negative return on equity of 1.78% and a negative net margin of 3.08%. Equities analysts anticipate that Target Hospitality Corp. will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Target Hospitality

Several institutional investors have recently modified their holdings of TH. Rubric Capital Management LP raised its stake in shares of Target Hospitality by 9.5% in the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company’s stock valued at $15,589,000 after purchasing an additional 189,456 shares during the period. Vanguard Group Inc. lifted its stake in Target Hospitality by 43.0% in 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 in the last quarter. Appian Way Asset Management LP bought a new position in shares of Target Hospitality during the 1st quarter worth approximately $11,872,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Target Hospitality in the first quarter valued at approximately $11,441,000. Finally, Cooper Creek Partners Management LLC bought a new stake in shares of Target Hospitality in the second quarter worth $8,556,000. Institutional investors own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Target Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Stifel Nicolaus upgraded shares of Target Hospitality from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $7.50 to $11.00 in a research report on Tuesday, August 19th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Target Hospitality in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

About Target Hospitality

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.