Target Hospitality Corp. (NASDAQ:TH - Get Free Report) fell 4% on Friday . The company traded as low as $5.65 and last traded at $5.66. 56,810 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 610,735 shares. The stock had previously closed at $5.89.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on TH shares. Northland Capmk upgraded shares of Target Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Northland Securities raised shares of Target Hospitality from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th. Oppenheimer reissued a "market perform" rating on shares of Target Hospitality in a research note on Thursday, November 14th. Finally, Stifel Nicolaus dropped their price target on Target Hospitality from $10.00 to $5.00 and set a "hold" rating for the company in a research note on Wednesday, February 26th.
Check Out Our Latest Research Report on TH
Target Hospitality Price Performance
The stock has a market capitalization of $532.30 million, a P/E ratio of 6.18, a P/E/G ratio of 1.81 and a beta of 2.15. The firm's 50 day moving average price is $8.88 and its 200 day moving average price is $8.74.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning bought a new position in Target Hospitality in the 3rd quarter valued at approximately $145,000. Victory Capital Management Inc. raised its stake in shares of Target Hospitality by 48.5% in the third quarter. Victory Capital Management Inc. now owns 37,504 shares of the company's stock worth $292,000 after purchasing an additional 12,242 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Target Hospitality during the third quarter valued at $87,000. Charles Schwab Investment Management Inc. boosted its position in shares of Target Hospitality by 28.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company's stock valued at $2,113,000 after buying an additional 60,569 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in 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 buying an additional 50,758 shares in the last quarter. Institutional investors own 32.40% of the company's stock.
About Target Hospitality
(
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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