Target Hospitality (NASDAQ:TH) Stock Price Up 9.8% – Here’s What Happened

Shares of Target Hospitality Corp. (NASDAQ:TH) rose 9.8% during mid-day trading on Monday . The company traded as high as $9.58 and last traded at $9.52. Approximately 452,357 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 526,922 shares. The stock had previously closed at $8.67.

Analyst Ratings Changes

Several research firms have recently commented on TH. Northland Securities boosted their price target on shares of Target Hospitality from $9.00 to $11.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th.

Target Hospitality Trading Down 1.5 %

The stock has a fifty day moving average price of $8.26 and a 200 day moving average price of $8.80. The firm has a market cap of $937.96 million, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. LB Partners LLC boosted its position in shares of Target Hospitality by 300.3% in the third 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. DRW Securities LLC acquired a new stake in Target Hospitality in the 2nd quarter worth $1,456,000. Denali Advisors LLC increased its holdings in shares of Target Hospitality by 856.2% during the 2nd quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock worth $1,616,000 after purchasing an additional 166,100 shares during the period. Atlas Merchant Capital LLC acquired a new position in shares of Target Hospitality during the second quarter valued at about $1,306,000. Finally, HighTower Advisors LLC lifted its stake 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 buying an additional 134,966 shares during the period. 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.