** Workforce accommodation firm Target Hospitality's TH.O shares down 6.8% before the bell to $17.08 after $119 mln secondary offering prices

** The Woodlands, Texas-based co early Thurs announces 7 mln shares offloaded by affiliates of private equity firm TDR Capital at $17

** Offering price represents 7.3% discount to stock's last sale on Weds

** Sale reduces TDR's holdings to about 49.6 mln shares, roughly 50% of co's approx 99.6 mln shares outstanding, per the prospectus

** Morgan Stanley and Deutsche Bank are bookrunners for offering

** TDR reduced its holdings last month in secondary offering priced at $14

** At Weds close, TH stock up 159% over the past three months and 129% YTD

** Avg rating of 4 analysts is "strong buy"; median PT of $22 up from $16.50 a month ago, per LSEG data