Target Hospitality Corp. (NASDAQ:TH – Get Free Report) insider Troy Schrenk purchased 5,907 shares of Target Hospitality stock in a transaction dated Friday, September 18th. The stock was acquired at an average cost of $21.16 per share, with a total value of $124,992.12. Following the completion of the acquisition, the insider directly owned 216,995 shares in the company, valued at approximately $4,591,614.20. This trade represents a 2.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Target Hospitality Price Performance
TH stock traded up $0.43 on Friday, reaching $21.19. 4,948,408 shares of the company’s stock were exchanged, compared to its average volume of 1,180,592. The stock has a fifty day moving average of $17.34 and a 200-day moving average of $15.84. The firm has a market cap of $2.11 billion, a PE ratio of -55.76 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.11. Target Hospitality Corp. has a twelve month low of $5.97 and a twelve month high of $21.42.
Target Hospitality (NASDAQ:TH – Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The company had revenue of $85.45 million during the quarter, compared to the consensus estimate of $79.30 million. Target Hospitality had a negative return on equity of 9.80% and a negative net margin of 10.85%. As a group, equities analysts predict that Target Hospitality Corp. will post -0.05 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on TH
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Target Hospitality in the 2nd quarter worth about $64,312,000. Hsbc Holdings PLC acquired a new stake in Target Hospitality in the 2nd quarter valued at about $1,506,000. Arrowstreet Capital Limited Partnership increased its holdings in Target Hospitality by 15.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,081,081 shares of the company’s stock valued at $10,032,000 after acquiring an additional 147,950 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Target Hospitality during the 2nd quarter valued at about $8,140,000. Finally, Dimensional Fund Advisors LP raised its position in Target Hospitality by 21.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,428,773 shares of the company’s stock worth $13,259,000 after acquiring an additional 252,212 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.
Target Hospitality Company Profile
Target Hospitality Corp. (NASDAQ: TH) provides specialty hospitality and workforce accommodation services in North America. The company supports organizations that require temporary or long-term housing and related services in remote, industrial, government, and other challenging operating environments.
Its offerings include modular and prefabricated accommodations, lodging management, food and catering services, housekeeping, maintenance, transportation, security, and other on-site support.
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