Target Hospitality Corp. (NASDAQ:TH) Stock Holdings Decreased by DRW Securities LLC

DRW Securities LLC cut its stake in shares of Target Hospitality Corp. (NASDAQ:TH) by 2.6% during the third quarter, HoldingsChannel.com reports. The firm owned 162,815 shares of the company’s stock after selling 4,394 shares during the period. DRW Securities LLC’s holdings in Target Hospitality were worth $1,267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TH. Vanguard Group Inc. grew its position in Target Hospitality by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,801,234 shares of the company’s stock valued at $19,579,000 after purchasing an additional 26,796 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Target Hospitality by 347.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,128 shares of the company’s stock valued at $186,000 after purchasing an additional 13,301 shares in the last quarter. Gabelli Funds LLC purchased a new position in Target Hospitality during the first quarter valued at approximately $163,000. Crestmont Private Wealth LLC grew its position in Target Hospitality by 94.7% during the second quarter. Crestmont Private Wealth LLC now owns 89,972 shares of the company’s stock valued at $784,000 after purchasing an additional 43,772 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its position in Target Hospitality by 2.3% during the second quarter. SummerHaven Investment Management LLC now owns 59,584 shares of the company’s stock valued at $519,000 after purchasing an additional 1,318 shares in the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Stock Down 3.3 %

NASDAQ TH opened at $8.42 on Tuesday. The stock has a market capitalization of $833.07 million, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.88 and a beta of 2.09. The company has a 50 day moving average price of $8.20 and a two-hundred day moving average price of $9.14. Target Hospitality Corp. has a 12-month low of $6.11 and a 12-month high of $11.84.

Analysts Set New Price Targets

A number of research analysts recently commented on TH shares. Northland Securities boosted their price objective on shares of Target Hospitality from $9.00 to $11.00 and gave the company 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 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.