Target Hospitality (NASDAQ:TH) Trading Down 4.1% – Should You Sell?

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

Analyst Upgrades and Downgrades

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

Target Hospitality Stock Down 4.1%

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 business has a 50-day simple moving average of $7.87 and a 200-day simple moving average of $7.87. The stock has a market cap of $706.44 million, a P/E ratio of -64.36 and a beta of 1.36.

Insider Transactions at Target Hospitality

In related news, EVP Heidi Diane Lewis sold 9,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $7.34, for a total transaction of $66,060.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen Robertson acquired 125,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average cost of $7.94 per share, with a total value of $992,500.00. Following the transaction, the director directly owned 445,000 shares of the company’s stock, valued at $3,533,300. The trade was a 39.06% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 31,456 shares of company stock valued at $240,736 over the last 90 days. Corporate insiders own 68.00% of the company’s stock.

Institutional Investors Weigh In On Target Hospitality

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc boosted its position 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 buying an additional 1,873 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Target Hospitality by 121.5% during the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after purchasing an additional 2,465 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Target Hospitality during the third quarter worth about $44,000. Tripletail Wealth Management LLC acquired a new stake in shares of Target Hospitality during the third quarter worth $55,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Target Hospitality during the third quarter worth about $95,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

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.