Target Hospitality Corp. (NASDAQ:TH – Get Free Report)’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.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Northland Securities raised Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $11.00 to $15.00 in a report on Wednesday. Oppenheimer reissued a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th.
Check Out Our Latest Research Report on Target Hospitality
Target Hospitality Trading Up 7.5 %
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. LB Partners LLC increased its holdings 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 worth $4,173,000 after acquiring an additional 402,428 shares during the period. HighTower Advisors LLC grew its holdings 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 acquiring an additional 134,966 shares during the period. Geode Capital Management LLC raised its position 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. Charles Schwab Investment Management Inc. boosted its position in shares of 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 in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Target Hospitality by 154.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock worth $651,000 after purchasing an additional 50,758 shares during the last quarter. 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.
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