Target Hospitality (NYSE:TH) Trading Up 5.1%

Target Hospitality Corp. (NYSE:TH)’s share price was up 5.1% during trading on Friday . The company traded as high as $4.57 and last traded at $4.51, approximately 199,750 shares changed hands during trading. A decline of 31% from the average daily volume of 291,105 shares. The stock had previously closed at $4.29.

A number of equities research analysts have recently issued reports on TH shares. Zacks Investment Research lowered Target Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday, November 16th. Northland Securities restated a “buy” rating and issued a $12.00 price target on shares of Target Hospitality in a research report on Tuesday, September 3rd. Finally, Oppenheimer lowered Target Hospitality from an “outperform” rating to a “market perform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $12.52.

The business has a 50-day moving average of $5.63.

Target Hospitality (NYSE:TH) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $81.64 million during the quarter, compared to analyst estimates of $86.39 million.

In other news, Director Jeffrey Sagansky purchased 20,000 shares of the stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $5.95 per share, for a total transaction of $119,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of Target Hospitality in the second quarter valued at $10,802,000. Equitable Trust Co. raised its stake in shares of Target Hospitality by 295.0% in the second quarter. Equitable Trust Co. now owns 114,840 shares of the company’s stock valued at $1,045,000 after acquiring an additional 85,765 shares in the last quarter. Morgan Stanley raised its stake in shares of Target Hospitality by 75,075.5% in the second quarter. Morgan Stanley now owns 300,702 shares of the company’s stock valued at $2,736,000 after acquiring an additional 300,302 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of Target Hospitality by 7.9% in the third quarter. Monarch Partners Asset Management LLC now owns 1,439,383 shares of the company’s stock valued at $9,802,000 after acquiring an additional 105,323 shares in the last quarter. Finally, LLBH Private Wealth Management LLC raised its stake in shares of Target Hospitality by 1,464.0% in the second quarter. LLBH Private Wealth Management LLC now owns 2,856,323 shares of the company’s stock valued at $25,993,000 after acquiring an additional 2,673,692 shares in the last quarter.

About Target Hospitality (NYSE:TH)

Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.

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