Target Hospitality Corp. (TH) Insider Buys $34,976.00 in Stock

Target Hospitality Corp. (NYSE:TH) insider Troy C. Schrenk acquired 3,200 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of $10.93 per share, with a total value of $34,976.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Target Hospitality stock opened at $10.59 on Friday. Target Hospitality Corp. has a twelve month low of $9.26 and a twelve month high of $12.11.

Target Hospitality (NYSE:TH) last released its earnings results on Tuesday, May 7th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $81.98 million for the quarter.

Several institutional investors have recently added to or reduced their stakes in TH. Wellington Management Group LLP bought a new position in shares of Target Hospitality during the 1st quarter valued at approximately $28,500,000. Mint Tower Capital Management B.V. bought a new position in shares of Target Hospitality during the 1st quarter valued at approximately $1,202,000. Arrowgrass Capital Partners US LP bought a new position in shares of Target Hospitality during the 1st quarter valued at approximately $8,550,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Target Hospitality during the 1st quarter valued at approximately $8,656,000. Finally, Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Target Hospitality during the 1st quarter valued at approximately $79,000.

Several equities research analysts have commented on TH shares. Stifel Nicolaus started coverage on shares of Target Hospitality in a research note on Wednesday, May 15th. They issued a “buy” rating and a $10.59 price objective for the company. Credit Suisse Group started coverage on shares of Target Hospitality in a research note on Thursday. They issued an “outperform” rating and a $13.00 price objective for the company. Deutsche Bank started coverage on shares of Target Hospitality in a research note on Tuesday, May 21st. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Oppenheimer started coverage on shares of Target Hospitality in a research note on Thursday. They issued an “outperform” rating and a $13.00 price objective for the company.

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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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