Target Hospitality (NASDAQ:TH) Receives Market Perform Rating from Oppenheimer

Oppenheimer restated their market perform rating on shares of Target Hospitality (NASDAQ:TH) in a report issued on Thursday morning, Marketbeat reports.

Separately, Northland Securities upped their price objective on shares of Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a report on Wednesday.

Target Hospitality Stock Up 0.4 %

Shares of Target Hospitality stock traded up $0.04 during trading on Thursday, hitting $9.32. 528,778 shares of the stock traded hands, compared to its average volume of 535,540. The stock has a market cap of $936.01 million, a price-to-earnings ratio of 10.67, a PEG ratio of 1.06 and a beta of 2.09. Target Hospitality has a 52 week low of $6.11 and a 52 week high of $11.84. The firm’s fifty day moving average is $8.38 and its 200-day moving average is $9.29.

Institutional Trading of Target Hospitality

A number of large investors have recently added to or reduced their stakes in TH. American Century Companies Inc. boosted its stake in Target Hospitality by 39.7% in the 2nd quarter. American Century Companies Inc. now owns 397,324 shares of the company’s stock worth $3,461,000 after purchasing an additional 112,833 shares in the last quarter. Denali Advisors LLC boosted its stake in shares of Target Hospitality by 856.2% during the second quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock valued at $1,616,000 after purchasing an additional 166,100 shares during the period. BNP Paribas Financial Markets raised its holdings in Target Hospitality by 10.1% in the first quarter. BNP Paribas Financial Markets now owns 45,231 shares of the company’s stock worth $492,000 after purchasing an additional 4,161 shares in the last quarter. LB Partners LLC increased its holdings in shares of Target Hospitality by 300.3% during 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 in the last quarter. Finally, Bleakley Financial Group LLC purchased a new stake in Target Hospitality in the first quarter valued at approximately $122,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

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.