Target Hospitality (NASDAQ:TH) Stock Price Up 9.5% – Here’s Why

Target Hospitality Corp. (NASDAQ:TH)’s stock price rose 9.5% during mid-day trading 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $11.00 to $15.00 in a research report on Wednesday, January 29th. Northland Capmk upgraded shares of 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 Stock Up 0.6 %

The stock has a 50-day moving average of $9.63 and a 200 day moving average of $9.04. The company has a market capitalization of $974.56 million, a PE ratio of 11.32, a P/E/G ratio of 1.83 and a beta of 2.07.

Institutional Trading of Target Hospitality

Hedge funds have recently made changes to their positions in the company. Conversant Capital LLC boosted its stake in Target Hospitality by 2.1% in 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 period. Vanguard Group Inc. grew its position in Target Hospitality by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 1,965,362 shares of the company’s stock worth $18,995,000 after acquiring an additional 79,561 shares in the last quarter. HighTower Advisors LLC increased its stake in Target Hospitality by 10.1% in the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock valued at $11,408,000 after acquiring an additional 134,966 shares during the last quarter. Empyrean Capital Partners LP purchased a new stake in Target Hospitality during the fourth quarter valued at about $9,781,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Target Hospitality by 32.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,008,702 shares of the company’s stock worth $9,749,000 after purchasing an additional 245,252 shares during the last quarter. 32.40% of the stock is currently owned by institutional investors.

About Target Hospitality

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.