Target Hospitality (NASDAQ:TH) Sees Unusually-High Trading Volume – What’s Next?

Target Hospitality Corp. (NASDAQ:TH) saw unusually-high trading volume on Thursday . Approximately 424,909 shares changed hands during trading, an increase of 0% from the previous session’s volume of 424,614 shares.The stock last traded at $10.99 and had previously closed at $10.71.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TH shares. Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a research report on Thursday, November 14th. Northland Securities lifted their price target on Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th.

Target Hospitality Trading Down 1.9 %

The stock has a market capitalization of $1.05 billion, a PE ratio of 12.24, a PEG ratio of 1.79 and a beta of 2.07. The business’s 50 day moving average is $9.16 and its 200 day moving average is $8.96.

Hedge Funds Weigh In On Target Hospitality

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC purchased a new stake in shares of Target Hospitality during the third quarter valued at $87,000. SG Americas Securities LLC purchased a new stake in Target Hospitality in the 3rd quarter valued at about $108,000. The Manufacturers Life Insurance Company grew its stake in Target Hospitality by 11.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock worth $126,000 after acquiring an additional 1,540 shares in the last quarter. Creative Planning bought a new stake in shares of Target Hospitality during the third quarter valued at approximately $145,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Target Hospitality by 48.5% in the third quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock valued at $292,000 after purchasing an additional 12,242 shares during the period. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.