Target Hospitality Corp.’s recently made public that its Chief Accounting Officer Vlacich Jason Paul unloaded Company’s shares for reported $0.12 million on Aug 31. In the deal valued at $16.01 per share,7,371 shares were sold. As a result of this transaction, Vlacich Jason Paul now holds 22,680 shares worth roughly $ 0.36 million.
Then, Vlacich Jason Paul sold 7,749 shares, generating $123,984 in total proceeds. Upon selling the shares at $16.00, the Chief Accounting Officer now owns 22,997 shares.
Before that, Schrenk Troy C. sold 200 shares. Target Hospitality Corp. shares valued at $3,102 were divested by the Chief Commercial Officer at a price of $15.51 per share. As a result of the transaction, Schrenk Troy C. now holds 10,301 shares, worth roughly $0.16 million.
Oppenheimer upgraded its Target Hospitality Corp. [TH] rating to an Outperform from a a Perform in a research note published on Friday. PT values the company’s stock at a premium of -166.33 to its Friday closing price.
Price Performance Review of TH
On Friday, Target Hospitality Corp. [NASDAQ:TH] saw its stock jump 0.50% to $15.98. On the same session, the stock had its day’s lowest price of $15.71, but rose to a high of $16.30. Over the last five days, the stock has gained 3.36%. Target Hospitality Corp. shares have risen nearly 5.55% since the year began. Nevertheless, the stocks have risen 20.24% over the past one year. While a 52-week high of $18.48 was reached on 01/12/23, a 52-week low of $10.40 was recorded on 04/05/23. SMA at 50 days reached $13.68, while 200 days put it at $14.64. A total of 0.58 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For TH Stock
The 24-hour chart illustrates a support level at 15.69, which if violated will result in even more drops to 15.41. On the upside, there is a resistance level at 16.28. A further resistance level may holdings at 16.59. The Relative Strength Index (RSI) on the 14-day chart is 68.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.04%. Stochastics %K at 91.74% indicates the stock is a selling.
How much short interest is there in Target Hospitality Corp.?
A steep rise in short interest was recorded in Target Hospitality Corp. stocks on Aug 14, 2023, dropping by -0.42 million shares to a total of 5.75 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.17 million shares. There was a decline of -7.3%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 32.77% of the overall stock float, the days-to-cover ratio (short ratio) fell to 12.97.
Target Hospitality Corp. [TH] – Who Are The Largest Shareholders?
In filings from Private Capital Management LLC, it is revealed that the company now owns 5,368,629 shares, or roughly 5.30% of the outstanding TH shares. In other words, the investor’s shares have fallen by -26,536 from its previous 13-F filing of 5395165.0.. Over the last quarter, Cowbird Capital LP sold -73,406 shares of Target Hospitality Corp., while BlackRock Fund Advisors sold 134,708 shares. At present, The Vanguard Group, Inc. is holding 1,079,325 shares valued at $13.78 million. Castleknight Management LP owned 998,602 shares of the company at the time of its most recent 13F filing, worth $12.75 million.
According to FactSet, Target Hospitality Corp.’s share price will average $19.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.5 percent from its previous closing price of $15.90. Analysts expect Target Hospitality Corp. stock to reach the higher price of $23.00, while the lowest price estimate is $17.00. However, 3 analysts have rated TH stock as a Buy in their predictions for 2023.