Target Hospitality (NYSE:TH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “Target Hospitality Corp. is the holding company for Target Lodging, Signor Lodging and their respective subsidiaries. The company, through Target Lodging and Signor Lodging, builds, owns and operates customized housing communities for hospitality solutions including culinary, catering, concierge, laundry and security services as well as recreational facilities. It primarily serves the oil and gas, energy and government sectors. Target Hospitality Corp., formerly knonw as Platinum Eagle Acquisition Corp., is headquartered in The Woodlands, Texas. “

Several other equities analysts have also recently commented on the stock. Northland Securities reissued a “buy” rating and set a $12.00 target price on shares of Target Hospitality in a research note on Tuesday, September 3rd. Oppenheimer downgraded shares of Target Hospitality from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $12.52.

NYSE:TH opened at $4.79 on Thursday. Target Hospitality has a 1 year low of $3.80 and a 1 year high of $12.11. The business has a fifty day moving average of $5.13 and a 200-day moving average of $7.39.

Target Hospitality (NYSE:TH) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $81.64 million for the quarter, compared to analyst estimates of $86.39 million.

In other news, CFO Eric Kalamaras bought 8,208 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average cost of $4.53 per share, with a total value of $37,182.24. Following the completion of the acquisition, the chief financial officer now directly owns 20,158 shares in the company, valued at $91,315.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy C. Schrenk bought 8,972 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $4.75 per share, for a total transaction of $42,617.00. Insiders acquired 49,130 shares of company stock valued at $227,469 over the last 90 days.

Large investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in Target Hospitality during the second quarter worth $80,000. Creative Planning acquired a new position in shares of Target Hospitality during the 2nd quarter worth $138,000. TD Asset Management Inc. acquired a new position in shares of Target Hospitality during the 2nd quarter worth $3,477,000. JPMorgan Chase & Co. grew its stake in shares of Target Hospitality by 885.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,830 shares of the company’s stock worth $107,000 after purchasing an additional 10,630 shares during the period. Finally, LLBH Private Wealth Management LLC increased its holdings in shares of Target Hospitality by 173.8% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 500,000 shares of the company’s stock valued at $25,993,000 after purchasing an additional 317,369 shares in the last quarter.

About Target Hospitality

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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