Target Hospitality (NASDAQ:TH) Shares Up 7.9% - Here's What Happened

Target Hospitality Corp. (NASDAQ:TH - Get Free Report)'s share price rose 7.9% during trading on Tuesday . The company traded as high as $5.62 and last traded at $5.45. Approximately 476,609 shares traded hands during trading, a decline of 47% from the average daily volume of 892,374 shares. The stock had previously closed at $5.05.

Analysts Set New Price Targets

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

Target Hospitality Stock Down 0.7 %

The stock has a 50-day moving average price of $9.27 and a 200 day moving average price of $8.91. The firm has a market capitalization of $555.06 million, a price-to-earnings ratio of 6.45, a P/E/G ratio of 1.81 and a beta of 2.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Conversant Capital LLC lifted its position in shares of Target Hospitality by 2.1% during the 4th quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock worth $47,253,000 after purchasing an additional 100,000 shares during the last quarter. Vanguard Group Inc. raised its stake in Target Hospitality by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company's stock valued at $18,995,000 after buying an additional 79,561 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Target Hospitality by 10.1% during the 3rd 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 last quarter. Empyrean Capital Partners LP purchased a new stake in Target Hospitality during the 4th quarter worth about $9,781,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Target Hospitality by 32.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company's stock worth $9,749,000 after acquiring an additional 245,252 shares in the last quarter. Institutional investors and hedge funds 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.