Target Hospitality (NASDAQ:TH) Shares Up 9.5% - Still a Buy?

Target Hospitality Corp. (NASDAQ:TH - Get Free Report)'s stock price rose 9.5% on Tuesday . The stock traded as high as $9.90 and last traded at $10.08. Approximately 183,149 shares were traded during trading, a decline of 67% from the average daily volume of 546,890 shares. The stock had previously closed at $9.21.

Analyst Upgrades and Downgrades

TH has been the topic of several analyst reports. Northland Securities raised shares of Target Hospitality from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $11.00 to $15.00 in a report on Wednesday, January 29th. Northland Capmk upgraded Target Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Target Hospitality in a research report on Thursday, November 14th.

Target Hospitality Trading Down 5.0 %

The firm has a market cap of $926.09 million, a PE ratio of 10.76, a PEG ratio of 1.83 and a beta of 2.07. The firm's 50 day simple moving average is $9.67 and its 200 day simple moving average is $9.05.

Institutional Trading of Target Hospitality

Several hedge funds have recently bought and sold shares of TH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Target Hospitality by 28.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,089 shares of the company's stock valued at $977,000 after purchasing an additional 22,355 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Target Hospitality during the fourth quarter valued at approximately $105,000. Two Sigma Investments LP lifted its stake in shares of Target Hospitality by 280.0% in the 4th quarter. Two Sigma Investments LP now owns 129,161 shares of the company's stock valued at $1,248,000 after purchasing an additional 95,167 shares during the last quarter. Shay Capital LLC purchased a new position in shares of Target Hospitality in the 4th quarter worth approximately $2,667,000. Finally, Quantinno Capital Management LP bought a new position in shares of Target Hospitality during the 4th quarter valued at approximately $258,000. Hedge funds and other 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.