Target Hospitality (NASDAQ:TH) Price Target Raised to $11.00

Target Hospitality (NASDAQ:TH) had its price target boosted by Northland Securities from $9.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a market perform rating on the stock.

Target Hospitality Trading Down 2.2 %

NASDAQ TH opened at $9.08 on Wednesday. Target Hospitality has a 12 month low of $6.11 and a 12 month high of $11.84. The stock has a market cap of $911.41 million, a price-to-earnings ratio of 10.43, a PEG ratio of 1.06 and a beta of 2.09. The company’s 50 day moving average is $8.37 and its two-hundred day moving average is $9.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TH. American Century Companies Inc. grew its holdings in shares of Target Hospitality by 39.7% in the second quarter. American Century Companies Inc. now owns 397,324 shares of the company’s stock valued at $3,461,000 after purchasing an additional 112,833 shares in the last quarter. Denali Advisors LLC raised its position in shares of Target Hospitality by 856.2% during the 2nd quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock valued at $1,616,000 after buying an additional 166,100 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Target Hospitality by 10.1% during the 1st quarter. BNP Paribas Financial Markets now owns 45,231 shares of the company’s stock valued at $492,000 after buying an additional 4,161 shares in the last quarter. LB Partners LLC lifted its holdings in shares of Target Hospitality by 300.3% in the 3rd quarter. LB Partners LLC now owns 536,428 shares of the company’s stock valued at $4,173,000 after acquiring an additional 402,428 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in Target Hospitality in the first quarter worth about $122,000. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Company Profile

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services – South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.