Target Hospitality (NASDAQ:TH) Shares Gap Up – Still a Buy?

Target Hospitality Corp. (NASDAQ:TH)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.21, but opened at $9.52. Target Hospitality shares last traded at $9.51, with a volume of 169,289 shares traded.

Analysts Set New Price Targets

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

Target Hospitality Trading Down 0.4 %

The company has a market capitalization of $984.21 million, a PE ratio of 11.26, a PEG ratio of 1.06 and a beta of 2.09. The business’s 50-day simple moving average is $8.39 and its two-hundred day simple moving average is $9.29.

Institutional Trading of Target Hospitality

A number of hedge funds and other institutional investors have recently made changes to their positions in TH. LB Partners LLC boosted its stake in Target Hospitality by 300.3% during the 3rd 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 during the last quarter. DRW Securities LLC acquired a new stake in shares of Target Hospitality during the 2nd quarter valued at approximately $1,456,000. Denali Advisors LLC boosted its holdings in Target Hospitality by 856.2% in the second quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock worth $1,616,000 after purchasing an additional 166,100 shares during the period. Atlas Merchant Capital LLC acquired a new stake in shares of Target Hospitality during the second quarter worth $1,306,000. Finally, American Century Companies Inc. lifted its position in shares of 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 buying an additional 112,833 shares during the last quarter. 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.