Target Hospitality Corp. (NASDAQ:TH – Get Rating) CEO James B. Archer sold 174,378 shares of the stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $15.53, for a total transaction of $2,708,090.34. Following the sale, the chief executive officer now owns 1,181,640 shares in the company, valued at $18,350,869.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Target Hospitality Trading Up 5.7 %
TH opened at $16.66 on Friday. The company’s 50 day moving average is $16.02 and its 200-day moving average is $14.32. Target Hospitality Corp. has a 1-year low of $4.68 and a 1-year high of $18.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.30. The company has a market cap of $1.62 billion, a P/E ratio of 34.71, a PEG ratio of 0.60 and a beta of 2.24.
Analysts Set New Price Targets
A number of brokerages have issued reports on TH. TheStreet upgraded shares of Target Hospitality from a “c+” rating to a “b” rating in a research note on Wednesday, February 1st. Oppenheimer increased their price objective on shares of Target Hospitality from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, January 26th.
Institutional Investors Weigh In On Target Hospitality
About Target Hospitality
Target Hospitality Corp. engages in the provision of rental accommodations with premium catering and value-added hospitality services. It operates through the following business segments: Hospitality & Facilities Services – South, Hospitality & Facilities Services Midwest, and Government. The Hospitality & Facilities Services – South segment operates facilities in the Permian Basin region and communities in Texas and New Mexico.
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