Target Hospitality (NASDAQ:TH) Shares Down 3.9% - Should You Sell?

Target Hospitality Corp. (NASDAQ:TH - Get Free Report)'s stock price traded down 3.9% during mid-day trading on Friday . The company traded as low as $9.92 and last traded at $9.96. 208,728 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 555,703 shares. The stock had previously closed at $10.36.

Analysts Set New Price Targets

A number of research firms have weighed in on TH. Oppenheimer reissued a "market perform" rating on shares of Target Hospitality in a research report on Thursday, November 14th. Northland Securities boosted their price objective 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 Stock Down 3.7 %

The firm has a market cap of $987.42 million, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.90 and a beta of 2.07. The stock's 50-day moving average is $9.24 and its 200-day moving average is $9.02.

Hedge Funds Weigh In On Target Hospitality

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in Target Hospitality during the third quarter worth about $87,000. SG Americas Securities LLC acquired a new stake in Target Hospitality in the 3rd quarter valued at $108,000. The Manufacturers Life Insurance Company grew its position in Target Hospitality by 11.9% in the second quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company's stock valued at $126,000 after acquiring an additional 1,540 shares during the period. Creative Planning acquired a new position in Target Hospitality during the third quarter worth $145,000. Finally, Victory Capital Management Inc. raised 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 acquiring an additional 12,242 shares in the last quarter. 32.40% of the stock is currently owned by 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.