Senator Investment Group LP purchased a new position in Target Hospitality Corp. (NASDAQ:TH – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,399,345 shares of the company’s stock, valued at approximately $28,491,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TH. Quantbot Technologies LP purchased a new stake in Target Hospitality in the 2nd quarter valued at about $27,000. IFP Advisors Inc grew its stake in Target Hospitality by 88.0% in the 3rd quarter. IFP Advisors Inc now owns 4,002 shares of the company’s stock worth $35,000 after acquiring an additional 1,873 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Target Hospitality by 121.5% during the third quarter. Russell Investments Group Ltd. now owns 4,494 shares of the company’s stock worth $38,000 after acquiring an additional 2,465 shares during the period. Galaxy Digital Capital Management GP LLC purchased a new position in shares of Target Hospitality during the first quarter worth approximately $67,000. Finally, Tripletail Wealth Management LLC increased its position in shares of Target Hospitality by 62.2% during the fourth quarter. Tripletail Wealth Management LLC now owns 11,630 shares of the company’s stock worth $93,000 after acquiring an additional 4,460 shares during the period. Institutional investors own 32.40% of the company’s stock.
Target Hospitality Price Performance
NASDAQ:TH opened at $18.55 on Monday. The company’s 50-day simple moving average is $17.42 and its 200-day simple moving average is $14.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 0.65. Target Hospitality Corp. has a fifty-two week low of $5.97 and a fifty-two week high of $20.85. The stock has a market capitalization of $1.85 billion, a P/E ratio of -48.82 and a beta of 1.50.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Oppenheimer boosted their price target on Target Hospitality from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $23.00 price objective on shares of Target Hospitality in a report on Thursday. Weiss Ratings raised Target Hospitality from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Northland Securities set a $25.00 target price on Target Hospitality in a report on Thursday. Finally, Stifel Nicolaus set a $26.00 target price on Target Hospitality in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Target Hospitality currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.
Read Our Latest Stock Report on TH
Target Hospitality Company Profile
Target Hospitality is a lodging solutions provider specializing in the ownership and operation of modular workforce housing communities across North America. The company serves large-scale clients in the energy, mining, construction and government sectors that require temporary or long-term accommodations for remote workforces. Its housing portfolio includes suite-style units, single-family cabins and “man-camp” dormitories, designed to match project size, duration and workforce composition.
In addition to lodging, Target Hospitality delivers integrated support services such as on-site dining and culinary management, housekeeping, maintenance, facility management and logistics planning.
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