Target Hospitality (NASDAQ:TH) Shares Gap Up - Time to Buy?

Target Hospitality Corp. (NASDAQ:TH - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $9.31, but opened at $9.85. Target Hospitality shares last traded at $9.83, with a volume of 110,688 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Northland Securities raised Target Hospitality from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $11.00 to $15.00 in a report on Wednesday. Oppenheimer reissued a "market perform" rating on shares of Target Hospitality in a report on Thursday, November 14th.

Target Hospitality Trading Up 7.5 %

The firm has a 50-day moving average of $9.29 and a 200 day moving average of $9.03. The stock has a market capitalization of $989.89 million, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 1.90 and a beta of 2.07.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. LB Partners LLC increased its holdings 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 worth $4,173,000 after acquiring an additional 402,428 shares during the period. HighTower Advisors LLC grew its holdings 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 acquiring an additional 134,966 shares during the period. Geode Capital Management LLC raised its position in Target Hospitality by 9.3% in the third quarter. Geode Capital Management LLC now owns 855,069 shares of the company's stock worth $6,654,000 after acquiring an additional 72,579 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Target Hospitality by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company's stock valued at $2,113,000 after purchasing an additional 60,569 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Target Hospitality by 154.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company's stock worth $651,000 after purchasing an additional 50,758 shares during the last quarter. Institutional investors own 32.40% of the company's stock.

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.

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