Target Hospitality (NASDAQ:TH) Trading 9.8% Higher – What’s Next?

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TH. Northland Securities increased 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 report on Thursday, November 14th.

Target Hospitality Price Performance

The firm has a market cap of $937.96 million, a price-to-earnings ratio of 10.90, a P/E/G ratio of 0.89 and a beta of 2.12. The firm’s fifty day moving average is $8.26 and its two-hundred day moving average is $8.80.

Institutional Investors Weigh In On Target Hospitality

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

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.