Target Hospitality Corp. (NASDAQ:TH - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $5.54, but opened at $6.24. Target Hospitality shares last traded at $6.11, with a volume of 431,253 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on TH shares. Northland Capmk raised shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Oppenheimer reissued a "market perform" rating on shares of Target Hospitality in a report on Thursday, November 14th. Stifel Nicolaus decreased their price target on Target Hospitality from $10.00 to $5.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th. Finally, Northland Securities upgraded Target Hospitality from a "market perform" rating to an "outperform" rating and upped their price target for the company from $11.00 to $15.00 in a research report on Wednesday, January 29th.
Check Out Our Latest Report on Target Hospitality
Target Hospitality Stock Down 0.7 %
The stock has a market capitalization of $578.80 million, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. The stock's 50-day simple moving average is $8.88 and its 200 day simple moving average is $8.74.
Institutional Investors Weigh In On Target Hospitality
Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Target Hospitality by 28.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,089 shares of the company's stock worth $977,000 after buying an additional 22,355 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Target Hospitality in the fourth quarter worth about $105,000. Two Sigma Investments LP lifted its position in shares of Target Hospitality by 280.0% during the fourth quarter. Two Sigma Investments LP now owns 129,161 shares of the company's stock worth $1,248,000 after purchasing an additional 95,167 shares in the last quarter. Shay Capital LLC bought a new stake in shares of Target Hospitality during the fourth quarter valued at approximately $2,667,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Target Hospitality in the fourth quarter valued at approximately $258,000. 32.40% of the stock is currently owned by institutional investors.
Target Hospitality Company Profile
(
Get Free Report)
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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