Target Hospitality (NASDAQ:TH) Trading 9.5% Higher – Time to Buy?

Target Hospitality Corp. (NASDAQ:TH)’s stock price shot up 9.5% during trading on Tuesday . The stock traded as high as $9.90 and last traded at $10.08. 183,149 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 546,890 shares. The stock had previously closed at $9.21.

Wall Street Analyst Weigh In

TH has been the topic of several analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th. 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 raised Target Hospitality from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th.

Target Hospitality Stock Performance

The company’s 50-day moving average is $9.61 and its 200-day moving average is $9.04. The firm has a market cap of $968.62 million, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.66 and a beta of 2.07.

Hedge Funds Weigh In On Target Hospitality

A number of large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Target Hospitality by 28.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,089 shares of the company’s stock worth $977,000 after acquiring an additional 22,355 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Target Hospitality during the 4th quarter valued at about $105,000. Two Sigma Investments LP grew its position in shares of Target Hospitality by 280.0% during the 4th quarter. Two Sigma Investments LP now owns 129,161 shares of the company’s stock worth $1,248,000 after buying an additional 95,167 shares during the period. Shay Capital LLC bought a new stake in shares of Target Hospitality during the fourth quarter worth approximately $2,667,000. Finally, Quantinno Capital Management LP acquired a new position in Target Hospitality in the fourth quarter valued at approximately $258,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

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.