Target Hospitality (NASDAQ:TH) Stock Price Up 9.8% – Still a Buy?

Target Hospitality Corp. (NASDAQ:TH) shares rose 9.8% on Monday . The stock traded as high as $9.58 and last traded at $9.52. Approximately 452,357 shares traded hands during trading, a decline of 14% from the average daily volume of 526,922 shares. The stock had previously closed at $8.67.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th. Northland Securities upped their target price on Target Hospitality from $9.00 to $11.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th.

Target Hospitality Price Performance

The business’s fifty day simple moving average is $8.15 and its 200 day simple moving average is $8.82. The firm has a market capitalization of $943.90 million, a price-to-earnings ratio of 10.97, a PEG ratio of 0.89 and a beta of 2.12.

Institutional Trading of Target Hospitality

Several hedge funds have recently bought and sold shares of TH. Intech Investment Management LLC acquired a new position in Target Hospitality during the third quarter worth $87,000. SG Americas Securities LLC bought a new position in Target Hospitality in the 3rd quarter valued at about $108,000. Quest Partners LLC lifted its position in Target Hospitality by 4,201.9% in the 2nd quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock valued at $118,000 after acquiring an additional 13,194 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Target Hospitality by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock valued at $126,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of Target Hospitality in the third quarter worth approximately $145,000. Institutional investors and hedge funds 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.