Charles Schwab Investment Management Inc. Acquires 60,569 Shares of Target Hospitality Corp. (NASDAQ:TH)

Charles Schwab Investment Management Inc. grew its position in shares of Target Hospitality Corp. (NASDAQ:TH - Free Report) by 28.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 271,590 shares of the company's stock after purchasing an additional 60,569 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.27% of Target Hospitality worth $2,113,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in shares of Target Hospitality during the third quarter valued at about $87,000. Quest Partners LLC increased its holdings in Target Hospitality by 4,201.9% during the 2nd quarter. Quest Partners LLC now owns 13,508 shares of the company's stock valued at $118,000 after purchasing an additional 13,194 shares during the period. SG Americas Securities LLC bought a new position in Target Hospitality during the 3rd quarter valued at approximately $108,000. The Manufacturers Life Insurance Company lifted its holdings 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 buying an additional 1,540 shares during the period. Finally, Creative Planning bought a new stake in shares of Target Hospitality in the 3rd quarter worth approximately $145,000. 32.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TH. Northland Securities lifted their target price on shares of Target Hospitality from $9.00 to $11.00 and gave the company a "market perform" rating in a research note on Wednesday, November 13th. Oppenheimer restated a "market perform" rating on shares of Target Hospitality in a report on Thursday, November 14th.

Target Hospitality Stock Performance

Shares of NASDAQ:TH traded up $0.87 during midday trading on Monday, reaching $9.54. 692,557 shares of the company's stock traded hands, compared to its average volume of 528,243. Target Hospitality Corp. has a one year low of $6.11 and a one year high of $11.84. The stock has a 50 day moving average of $8.15 and a 200 day moving average of $8.82. The company has a market cap of $943.90 million, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.89 and a beta of 2.12.

Target Hospitality 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.