Target Hospitality Corp. (NYSE:TH) Director Jeffrey Sagansky purchased 55,000 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $6.93 per share, for a total transaction of $381,150.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NYSE:TH opened at $6.70 on Friday. Target Hospitality Corp. has a fifty-two week low of $5.65 and a fifty-two week high of $12.11. The stock’s fifty day moving average is $8.60.
Target Hospitality (NYSE:TH) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The company had revenue of $81.36 million for the quarter, compared to analysts’ expectations of $82.58 million.
A number of hedge funds and other institutional investors have recently modified their holdings of TH. Ladenburg Thalmann Financial Services Inc. increased its position in Target Hospitality by 253.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,300 shares of the company’s stock worth $267,000 after purchasing an additional 21,000 shares in the last quarter. Cowen Inc. acquired a new stake in Target Hospitality during the 2nd quarter worth approximately $958,000. Susquehanna International Group LLP acquired a new stake in Target Hospitality during the 2nd quarter worth approximately $203,000. Equitable Trust Co. increased its position in Target Hospitality by 295.0% during the 2nd quarter. Equitable Trust Co. now owns 114,840 shares of the company’s stock worth $1,045,000 after purchasing an additional 85,765 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Target Hospitality during the 2nd quarter worth approximately $1,710,000.
Target Hospitality Company Profile
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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