Target Hospitality (NASDAQ:TH) Given “Market Perform” Rating at Oppenheimer

Oppenheimer reaffirmed their market perform rating on shares of Target Hospitality (NASDAQ:TH) in a research note published on Thursday, MarketBeat reports.

Separately, Northland Securities raised their price target on Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th.

Target Hospitality Trading Down 2.3 %

NASDAQ TH opened at $9.07 on Thursday. Target Hospitality has a 12-month low of $6.11 and a 12-month high of $11.84. The firm’s fifty day simple moving average is $8.37 and its two-hundred day simple moving average is $9.25. The firm has a market capitalization of $910.90 million, a P/E ratio of 10.43, a P/E/G ratio of 0.94 and a beta of 2.09.

Institutional Trading of Target Hospitality

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of Target Hospitality in the third quarter worth about $87,000. Covestor Ltd lifted its stake in Target Hospitality by 13.9% during the 1st quarter. Covestor Ltd now owns 8,925 shares of the company’s stock valued at $97,000 after acquiring an additional 1,092 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Target Hospitality in the 3rd quarter valued at $108,000. Quest Partners LLC boosted its holdings in shares of 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 during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in shares of Target Hospitality during the first quarter worth $122,000. 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.