Target Hospitality (NASDAQ:TH) Shares Gap Up – Time to Buy?

Target Hospitality Corp. (NASDAQ:TH)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $5.54, but opened at $6.24. Target Hospitality shares last traded at $6.11, with a volume of 431,253 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TH. Stifel Nicolaus decreased their target price on Target Hospitality from $10.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, February 26th. Northland Capmk upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 29th. Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and upped their target price for the company from $11.00 to $15.00 in a research note on Wednesday, January 29th. Finally, Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a research report on Thursday, November 14th.

Target Hospitality Trading Up 6.4 %

The company has a market cap of $583.26 million, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 1.81 and a beta of 2.15. The company has a fifty day moving average price of $9.04 and a two-hundred day moving average price of $8.80.

Institutional Trading of Target Hospitality

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in Target Hospitality by 28.7% during the third 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 during the period. HighTower Advisors LLC raised its holdings in shares of Target Hospitality by 10.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after buying an additional 134,966 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Target Hospitality by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 855,069 shares of the company’s stock worth $6,654,000 after buying an additional 72,579 shares during the period. Victory Capital Management Inc. boosted its stake in Target Hospitality by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock valued at $292,000 after buying an additional 12,242 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Target Hospitality by 154.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock valued at $651,000 after buying an additional 50,758 shares in the last quarter. 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.