Target Hospitality (NASDAQ:TH) Shares Gap Up – Time to Buy?

Target Hospitality Corp. (NASDAQ:TH)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $5.54, but opened at $6.24. Target Hospitality shares last traded at $6.11, with a volume of 431,253 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TH shares. Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Stifel Nicolaus decreased their target price on Target Hospitality from $10.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, February 26th. Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th. Finally, Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $11.00 to $15.00 in a research report on Wednesday, January 29th.

Target Hospitality Trading Down 0.7 %

The firm has a market capitalization of $578.80 million, a price-to-earnings ratio of 6.72, a PEG ratio of 1.81 and a beta of 2.15. The business’s fifty day moving average price is $8.96 and its 200 day moving average price is $8.78.

Institutional Investors Weigh In On Target Hospitality

Several hedge funds have recently modified their holdings of TH. Charles Schwab Investment Management Inc. boosted its holdings in Target Hospitality by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company’s stock valued at $2,113,000 after purchasing an additional 60,569 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of 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 buying an additional 134,966 shares in the last quarter. Geode Capital Management LLC grew its holdings in Target Hospitality by 9.3% during the third quarter. Geode Capital Management LLC now owns 855,069 shares of the company’s stock worth $6,654,000 after acquiring an additional 72,579 shares during the period. Victory Capital Management Inc. raised its position in Target Hospitality by 48.5% in the third quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock worth $292,000 after acquiring an additional 12,242 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Target Hospitality by 154.0% in the third quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock valued at $651,000 after acquiring an additional 50,758 shares during the period. 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.