Target Hospitality Corp. (NYSE:TH) Director Jeffrey Sagansky Acquires 55,000 Shares

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 research firms have recently weighed in on TH. Deutsche Bank began coverage on shares of Target Hospitality in a research note on Tuesday, May 21st. They set a “buy” rating and a $14.00 price target on the stock. Credit Suisse Group began coverage on shares of Target Hospitality in a research note on Thursday, May 23rd. They set an “outperform” rating and a $13.00 price target on the stock. Oppenheimer began coverage on shares of Target Hospitality in a research note on Thursday, May 23rd. They set an “outperform” rating and a $13.00 price target on the stock. Northland Securities set a $14.00 price target on shares of Target Hospitality and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, National Bank of Canada reaffirmed a “sector perform” rating on shares of Target Hospitality in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.92.

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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