Target Hospitality (NASDAQ:TH) Sets New 1-Year Low - Here's Why

Target Hospitality Corp. (NASDAQ:TH - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $4.00 and last traded at $5.07, with a volume of 12451080 shares changing hands. The stock had previously closed at $9.36.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Oppenheimer reiterated a "market perform" rating on shares of Target Hospitality in a report on Thursday, November 14th. Northland Securities upgraded shares of Target Hospitality from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $11.00 to $15.00 in a report on Wednesday, January 29th. Stifel Nicolaus reduced their price objective on shares of Target Hospitality from $10.00 to $5.00 and set a "hold" rating for the company in a report on Wednesday. Finally, Northland Capmk upgraded shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 29th.

Target Hospitality Trading Up 0.3 %

The stock's fifty day moving average is $9.42 and its two-hundred day moving average is $8.96. The firm has a market cap of $578.31 million, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 1.81 and a beta of 2.07.

Institutional Investors Weigh In On Target Hospitality

Several institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in Target Hospitality by 28.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company's stock worth $2,113,000 after buying an additional 60,569 shares during the period. HighTower Advisors LLC boosted its stake in Target Hospitality by 10.1% during the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company's stock worth $11,408,000 after buying an additional 134,966 shares during the period. Geode Capital Management LLC boosted its stake 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 buying an additional 72,579 shares during the period. Victory Capital Management Inc. boosted its stake in Target Hospitality by 48.5% during the third quarter. Victory Capital Management Inc. now owns 37,504 shares of the company's stock worth $292,000 after buying an additional 12,242 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Target Hospitality by 154.0% during the third quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company's stock worth $651,000 after buying an additional 50,758 shares during the period. Institutional investors own 32.40% of the company's stock.

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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.