Target Hospitality (NASDAQ:TH) Trading Up 9.5% – What’s Next?

Target Hospitality Corp. (NASDAQ:TH) shares were up 9.5% during mid-day trading on Tuesday . The company traded as high as $9.90 and last traded at $10.08. Approximately 183,149 shares were traded during trading, a decline of 67% from the average daily volume of 546,890 shares. The stock had previously closed at $9.21.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Northland Capmk upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th. Finally, Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th.

Target Hospitality Trading Up 6.3 %

The firm has a market capitalization of $968.62 million, a P/E ratio of 11.25, a PEG ratio of 1.66 and a beta of 2.07. The business has a 50 day moving average of $9.61 and a 200-day moving average of $9.04.

Hedge Funds Weigh In On Target Hospitality

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Conversant Capital LLC grew its stake in shares of Target Hospitality by 2.1% during the 4th quarter. Conversant Capital LLC now owns 4,889,046 shares of the company’s stock worth $47,253,000 after acquiring an additional 100,000 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Target Hospitality by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company’s stock worth $18,995,000 after purchasing an additional 79,561 shares during the last quarter. HighTower Advisors LLC grew its position in Target Hospitality by 10.1% in the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock valued at $11,408,000 after purchasing an additional 134,966 shares in the last quarter. Empyrean Capital Partners LP acquired a new stake in Target Hospitality in the 4th quarter valued at $9,781,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Target Hospitality by 32.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock worth $9,749,000 after buying an additional 245,252 shares in the last quarter. 32.40% of the stock is owned by institutional investors and hedge funds.

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.