TH - Jason P. Vlacich Implements A Sell Strategy: Offloads $582K In Target Hospitality Stock | Benzinga
Jason P. Vlacich, CFO & CAO at Target Hospitality (NASDAQ:TH), executed a substantial insider sell on April 15, according to an SEC filing.
What Happened: Vlacich's recent move involves selling 54,348 shares of Target Hospitality. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value is $582,067.
Target Hospitality shares are trading down 0.0% at $10.62 at the time of this writing on Tuesday morning.
Unveiling the Story Behind Target Hospitality
Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Its operating segment includes HFS-South and HFS-Midwest; Government; TCPL Keystone and others. It generates a majority of its revenue from the Government segment which consists of specialty rental and vertically integrated hospitality services revenue from customers with Government contracts located in Texas.
Financial Insights: Target Hospitality
Negative Revenue Trend: Examining Target Hospitality's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -17.2% in revenue growth, reflecting a ...