Target Hospitality (NASDAQ:TH) Shares Down 3.9% – What’s Next?

Target Hospitality Corp. (NASDAQ:TH)’s stock price fell 3.9% during trading on Friday . The company traded as low as $9.92 and last traded at $9.96. 208,728 shares were traded during mid-day trading, a decline of 62% from the average session volume of 555,703 shares. The stock had previously closed at $10.36.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Northland Securities upped their price target on shares of Target Hospitality from $9.00 to $11.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a research report on Thursday, November 14th.

Target Hospitality Stock Down 3.8 %

The firm’s 50 day simple moving average is $9.23 and its two-hundred day simple moving average is $9.00. The stock has a market capitalization of $986.53 million, a P/E ratio of 11.46, a P/E/G ratio of 1.90 and a beta of 2.07.

Institutional Investors Weigh In On Target Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Target Hospitality by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company’s stock valued at $2,113,000 after purchasing an additional 60,569 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of 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 purchasing an additional 134,966 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Target Hospitality by 39.7% during the second quarter. American Century Companies Inc. now owns 397,324 shares of the company’s stock valued at $3,461,000 after buying an additional 112,833 shares during the last quarter. LB Partners LLC raised its position in Target Hospitality by 300.3% in the 3rd quarter. LB Partners LLC now owns 536,428 shares of the company’s stock valued at $4,173,000 after buying an additional 402,428 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Target Hospitality by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 855,069 shares of the company’s stock valued at $6,654,000 after buying an additional 72,579 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

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.