Equitable Trust Co. Cuts Stock Holdings in Target Hospitality Corp. (NASDAQ:TH)

Equitable Trust Co. reduced its position in shares of Target Hospitality Corp. (NASDAQ:TH) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,491 shares of the company’s stock after selling 12,620 shares during the period. Equitable Trust Co. owned 0.13% of Target Hospitality worth $1,203,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in Target Hospitality by 16.3% in the fourth quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock worth $156,000 after acquiring an additional 2,262 shares during the period. Geode Capital Management LLC lifted its stake in Target Hospitality by 9.3% during the third quarter. Geode Capital Management LLC now owns 855,069 shares of the company’s stock worth $6,654,000 after purchasing an additional 72,579 shares in the last quarter. State Street Corp lifted its stake in Target Hospitality by 1.7% during the third quarter. State Street Corp now owns 725,905 shares of the company’s stock worth $5,648,000 after purchasing an additional 12,087 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Target Hospitality by 11.1% during the third quarter. Janus Henderson Group PLC now owns 60,585 shares of the company’s stock worth $471,000 after purchasing an additional 6,062 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Target Hospitality by 10.1% during the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after purchasing an additional 134,966 shares in the last quarter. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Trading Up 5.9 %

Shares of NASDAQ TH opened at $9.22 on Tuesday. The stock has a market cap of $912.23 million, a P/E ratio of 10.60, a PEG ratio of 1.66 and a beta of 2.07. Target Hospitality Corp. has a 12-month low of $6.11 and a 12-month high of $11.84. The business’s fifty day simple moving average is $9.46 and its 200-day simple moving average is $9.03.

Analyst Ratings Changes

A number of research firms have commented on TH. Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Northland Capmk upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th.

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.