Oppenheimer Reaffirms Outperform Rating for Target Hospitality (NASDAQ:TH)

Oppenheimer reaffirmed their outperform rating on shares of Target Hospitality (NASDAQ:TH – Get Rating) in a report issued on Monday, Benzinga reports. Oppenheimer currently has a $22.00 price objective on the stock.

Several other brokerages have also issued reports on TH. TheStreet upgraded Target Hospitality from a c+ rating to a b rating in a report on Wednesday, February 1st. Northland Securities raised their price target on Target Hospitality from $22.00 to $26.00 in a research note on Monday.

Target Hospitality Stock Up 0.3 %

TH stock opened at $16.71 on Monday. The company has a 50 day moving average of $16.05 and a two-hundred day moving average of $14.33. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 0.62 and a beta of 2.24. Target Hospitality has a 12-month low of $4.68 and a 12-month high of $18.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.30.

Insider Activity

In other Target Hospitality news, CFO Eric Kalamaras sold 62,660 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $16.80, for a total value of $1,052,688.00. Following the completion of the sale, the chief financial officer now owns 106,560 shares of the company’s stock, valued at $1,790,208. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, 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 value of $1,052,688.00. Following the completion of the sale, the chief financial officer now directly owns 106,560 shares in the company, valued at $1,790,208. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James B. Archer sold 174,378 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $15.53, for a total transaction of $2,708,090.34. Following the completion of the transaction, the chief executive officer now owns 1,181,640 shares in the company, valued at $18,350,869.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 550,563 shares of company stock worth $8,637,257. 68.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TH. Raymond James & Associates bought a new stake in shares of Target Hospitality in the first quarter valued at about $70,000. Vanguard Group Inc. lifted its position in shares of Target Hospitality by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,457,558 shares of the company’s stock worth $8,744,000 after acquiring an additional 16,020 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Target Hospitality by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,987 shares of the company’s stock worth $408,000 after purchasing an additional 3,199 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Target Hospitality by 17.1% during the first quarter. Renaissance Technologies LLC now owns 311,500 shares of the company’s stock valued at $1,869,000 after purchasing an additional 45,452 shares during the period. Finally, Engineers Gate Manager LP raised its stake in shares of Target Hospitality by 652.4% in the first quarter. Engineers Gate Manager LP now owns 79,099 shares of the company’s stock valued at $475,000 after purchasing an additional 68,586 shares in the last quarter. 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.