Target Hospitality (NASDAQ:TH) Trading 9.8% Higher – Here’s What Happened

Target Hospitality Corp. (NASDAQ:TH) traded up 9.8% on Monday . The company traded as high as $9.58 and last traded at $9.52. 452,357 shares changed hands during trading, a decline of 14% from the average session volume of 526,922 shares. The stock had previously closed at $8.67.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TH shares. Northland Securities lifted their price objective on shares of Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th.

Target Hospitality Trading Up 10.0 %

The company’s 50-day moving average is $8.15 and its 200-day moving average is $8.82. The firm has a market cap of $943.90 million, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in Target Hospitality during the 3rd quarter worth approximately $87,000. SG Americas Securities LLC bought a new stake in shares of Target Hospitality in the third quarter worth $108,000. Quest Partners LLC increased its holdings in Target Hospitality by 4,201.9% in the second quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock valued at $118,000 after purchasing an additional 13,194 shares during the period. The Manufacturers Life Insurance Company raised its position in Target Hospitality by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock worth $126,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Creative Planning acquired a new position in Target Hospitality during the 3rd quarter worth about $145,000. 32.40% of the stock is currently owned by institutional investors.

About Target Hospitality

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.