279,834 Shares in Target Hospitality Corp. (NASDAQ:TH) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in Target Hospitality Corp. (NASDAQ:TH) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 279,834 shares of the company’s stock, valued at approximately $2,705,000. Teacher Retirement System of Texas owned 0.28% of Target Hospitality at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Target Hospitality by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company’s stock worth $2,113,000 after purchasing an additional 60,569 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Target Hospitality by 10.1% in the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after acquiring an additional 134,966 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Target Hospitality by 9.3% in the third quarter. Geode Capital Management LLC now owns 855,069 shares of the company’s stock worth $6,654,000 after acquiring an additional 72,579 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Target Hospitality by 48.5% during the third 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. Finally, BNP Paribas Financial Markets increased its holdings in shares of Target Hospitality by 154.0% during the third quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock valued at $651,000 after acquiring an additional 50,758 shares in the last quarter. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Trading Up 0.3 %

Shares of NASDAQ TH opened at $6.13 on Wednesday. The company has a 50 day simple moving average of $7.95 and a two-hundred day simple moving average of $8.41. The stock has a market cap of $606.51 million, a price-to-earnings ratio of 7.05, a PEG ratio of 1.81 and a beta of 2.15. Target Hospitality Corp. has a 12 month low of $4.00 and a 12 month high of $11.84.

Analyst Ratings Changes

Several research firms have weighed in on TH. Stifel Nicolaus dropped their target price on shares of Target Hospitality from $10.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Northland Securities upgraded Target Hospitality from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th.

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.