Eric Kalamaras Sells 62,660 Shares of Target Hospitality Corp. (NASDAQ:TH) Stock

Target Hospitality Corp. (NASDAQ:TH – Get Rating) CFO Eric Kalamaras sold 62,660 shares of the business’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $16.80, for a total transaction of $1,052,688.00. Following the completion of the transaction, the chief financial officer now directly owns 106,560 shares in the company, valued at $1,790,208. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Eric Kalamaras also recently made the following trade(s):

• On Tuesday, March 7th, Eric Kalamaras sold 63,525 shares of Target Hospitality stock. The shares were sold at an average price of $15.54, for a total transaction of $987,178.50.

Target Hospitality Stock Performance

NASDAQ:TH opened at $16.71 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.30. Target Hospitality Corp. has a fifty-two week low of $4.68 and a fifty-two week high of $18.48. The stock has a market cap of $1.63 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 0.62 and a beta of 2.24. The firm’s fifty day simple moving average is $16.05 and its 200-day simple moving average is $14.33.

Wall Street Analyst Weigh In

TH has been the topic of several recent research reports. Oppenheimer reissued an “outperform” rating and issued a $22.00 price objective on shares of Target Hospitality in a research note on Monday. Northland Securities boosted their price objective on shares of Target Hospitality from $22.00 to $26.00 in a research note on Monday. Finally, TheStreet raised shares of Target Hospitality from a “c+” rating to a “b” rating in a research note on Wednesday, February 1st.

Hedge Funds Weigh In On Target Hospitality

Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Capital Management LLC grew its stake in Target Hospitality by 9.0% in the 2nd quarter. Private Capital Management LLC now owns 5,880,567 shares of the company’s stock valued at $33,578,000 after acquiring an additional 483,661 shares during the last quarter. Conversant Capital LLC grew its stake in Target Hospitality by 29.3% in the 2nd quarter. Conversant Capital LLC now owns 1,763,661 shares of the company’s stock valued at $10,071,000 after acquiring an additional 399,635 shares during the last quarter. Vanguard Group Inc. grew its stake in Target Hospitality by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,509,539 shares of the company’s stock valued at $19,049,000 after acquiring an additional 22,182 shares during the last quarter. Avidian Wealth Solutions LLC grew its stake in Target Hospitality by 0.6% in the 3rd quarter. Avidian Wealth Solutions LLC now owns 1,230,456 shares of the company’s stock valued at $15,528,000 after acquiring an additional 7,001 shares during the last quarter. Finally, Kent Lake Capital LLC grew its stake in Target Hospitality by 72.4% in the 3rd quarter. Kent Lake Capital LLC now owns 995,996 shares of the company’s stock valued at $12,569,000 after acquiring an additional 418,248 shares during the last quarter. 30.30% of the stock is owned by institutional investors and hedge funds.

Target Hospitality Company Profile

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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.