Target Hospitality (NASDAQ:TH) Shares Gap Up – What’s Next?

Target Hospitality Corp. (NASDAQ:TH)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $9.31, but opened at $9.85. Target Hospitality shares last traded at $9.83, with a volume of 110,688 shares changing hands.

Analyst Ratings Changes

TH has been the subject of several analyst reports. Northland Capmk raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th. Finally, Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and increased their target price for the company from $11.00 to $15.00 in a research note on Wednesday.

Target Hospitality Trading Down 2.4 %

The stock has a market capitalization of $953.78 million, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 1.85 and a beta of 2.07. The company has a 50-day moving average price of $9.33 and a 200 day moving average price of $9.04.

Institutional Trading of Target Hospitality

Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in Target Hospitality by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock worth $126,000 after purchasing an additional 1,540 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Target Hospitality during the third quarter worth $108,000. Creative Planning purchased a new stake in shares of Target Hospitality during the third quarter valued at $145,000. LB Partners LLC increased its position in shares of 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 acquiring an additional 402,428 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Target Hospitality by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock worth $292,000 after acquiring an additional 12,242 shares during the last quarter. Institutional investors and hedge funds 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.