Why Target Hospitality Stock Surged Higher This Week [Yahoo! Finance]
Target Hospitality Corp. (TH)
Last target hospitality corp. earnings: 3/11 04:15 pm
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Source: Yahoo! Finance
Investors are excited about the potential payout, sending Target shares up 22% for the week as of Thursday afternoon, according to data provided by S&P Global Market Intelligence A short run as a public company? Target Hospitality is a provider of modular accommodations and related services used in emergencies and in situations with temporary surging demand for lodging. The company went public via a 2019 merger with a special purpose acquisition company ( SPAC Arrow Holdings, an affiliate of private equity firm TDR Capital, currently owns 64% of Target's shares, but it is looking to add to its stake. On Monday, Target announced that its board has received an unsolicited, non-binding proposal to acquire the remaining shares for $10.80 apiece. The board has formed a special committee of independent directors to evaluate the offer. With the stock currently trading at $10.97, investors appear to be betting that the two sides will come to the table and negotiate a price higher than
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TH
News
- Target Hospitality Corp. (NASDAQ: TH) had its "hold" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $12.00 price target on the stock, down previously from $13.00.MarketBeat
- Target Hospitality announces partnership with Chard Métis Dene Group Apr. 12, 2024 7:21 AM ET By: Meghavi Singh , SA News Editor [Seeking Alpha]Seeking Alpha
- Target Hospitality Announces Partnership with Chard Métis Dene Group [Yahoo! Finance]Yahoo! Finance
- Target Hospitality Announces Partnership with Chard Métis Dene GroupPR Newswire
- Target Hospitality Corp. (NASDAQ: TH) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $13.00 price target on the stock.MarketBeat
TH
Earnings
- 3/13/24 - Beat
TH
Sec Filings
- 4/15/24 - Form 4
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- TH's page on the SEC website