Target Hospitality Corp. (NASDAQ:TH) CEO Sells $2,708,090.34 in Stock

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

Hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC bought a new position in Target Hospitality in the 2nd quarter valued at approximately $67,000. ExodusPoint Capital Management LP bought a new position in Target Hospitality in the 2nd quarter valued at approximately $67,000. Legal & General Group Plc raised its holdings in Target Hospitality by 432.7% in the 2nd quarter. Legal & General Group Plc now owns 12,221 shares of the company’s stock valued at $70,000 after buying an additional 9,927 shares during the last quarter. Raymond James & Associates bought a new position in Target Hospitality in the 1st quarter valued at approximately $70,000. Finally, Point72 Middle East FZE bought a new position in Target Hospitality in the 4th quarter valued at approximately $75,000. 30.30% of the stock is currently owned by institutional investors and hedge funds.

About Target Hospitality

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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.