Target Hospitality’s (TH) Market Perform Rating Reiterated at Oppenheimer

Oppenheimer restated their market perform rating on shares of Target Hospitality (NASDAQ:TH) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports.

Separately, Northland Securities lifted their price target 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.

Target Hospitality Stock Down 2.2 %

Shares of NASDAQ TH opened at $9.08 on Thursday. The stock has a market capitalization of $911.41 million, a PE ratio of 10.43, a P/E/G ratio of 1.06 and a beta of 2.09. The firm has a fifty day moving average of $8.37 and a 200-day moving average of $9.27. Target Hospitality has a 52-week low of $6.11 and a 52-week high of $11.84.

Institutional Investors Weigh In On Target Hospitality

Several hedge funds have recently modified their holdings of TH. American Century Companies Inc. boosted its position in Target Hospitality by 39.7% in the 2nd quarter. American Century Companies Inc. now owns 397,324 shares of the company’s stock valued at $3,461,000 after buying an additional 112,833 shares during the last quarter. Denali Advisors LLC grew its stake in Target Hospitality by 856.2% during the 2nd quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock valued at $1,616,000 after purchasing an additional 166,100 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Target Hospitality by 10.1% during the 1st quarter. BNP Paribas Financial Markets now owns 45,231 shares of the company’s stock worth $492,000 after purchasing an additional 4,161 shares during the last quarter. LB Partners LLC raised its position in shares of Target Hospitality by 300.3% in the 3rd quarter. LB Partners LLC now owns 536,428 shares of the company’s stock valued at $4,173,000 after purchasing an additional 402,428 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in shares of Target Hospitality in the 1st quarter valued at approximately $122,000. 32.40% of the stock is currently owned by hedge funds and other 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.