Target Hospitality (NASDAQ:TH) Rating Lowered to Sell at Wall Street Zen

Target Hospitality (NASDAQ:TH) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other research analysts have also commented on TH. Stifel Nicolaus set a $11.00 price target on shares of Target Hospitality in a report on Wednesday. Texas Capital upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Target Hospitality in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Target Hospitality Price Performance

Shares of NASDAQ:TH opened at $9.31 on Friday. The firm has a market capitalization of $928.95 million, a PE ratio of -24.50 and a beta of 1.36. The business has a 50-day moving average of $7.57 and a two-hundred day moving average of $7.80. Target Hospitality has a 12 month low of $5.52 and a 12 month high of $9.90.

Target Hospitality (NASDAQ:TH) last released its quarterly earnings data on Wednesday, March 11th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Target Hospitality had a negative net margin of 11.58% and a negative return on equity of 8.65%. The firm had revenue of $89.78 million during the quarter, compared to analyst estimates of $85.20 million. As a group, research analysts anticipate that Target Hospitality will post 0.65 earnings per share for the current year.

Insider Activity

In other news, EVP Heidi Diane Lewis sold 9,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $966,986.28. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 68.00% of the company’s stock.

Hedge Funds Weigh In On Target Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Target Hospitality by 3,549.2% in the first quarter. Royal Bank of Canada now owns 43,863 shares of the company’s stock valued at $289,000 after acquiring an additional 42,661 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Target Hospitality during the first quarter worth $114,000. Goldman Sachs Group Inc. lifted its position in shares of Target Hospitality by 104.9% during the first quarter. Goldman Sachs Group Inc. now owns 280,288 shares of the company’s stock worth $1,844,000 after purchasing an additional 143,505 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Target Hospitality in the first quarter valued at $660,000. Finally, Strs Ohio purchased a new position in shares of Target Hospitality in the first quarter valued at $131,000. Hedge funds and other institutional investors 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.