Victory Capital Management Inc. Increases Stock Position in Target Hospitality Corp. (NASDAQ:TH)

Victory Capital Management Inc. grew its stake in shares of Target Hospitality Corp. (NASDAQ:TH) by 18.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,389 shares of the company’s stock after buying an additional 6,885 shares during the quarter. Victory Capital Management Inc.’s holdings in Target Hospitality were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. HighTower Advisors LLC boosted its holdings in shares of Target Hospitality by 10.1% during the 3rd quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock valued at $11,408,000 after acquiring an additional 134,966 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $6,654,000 after acquiring an additional 72,579 shares during the last quarter. State Street Corp boosted its holdings in shares of Target Hospitality by 1.7% during the 3rd quarter. State Street Corp now owns 725,905 shares of the company’s stock valued at $5,648,000 after acquiring an additional 12,087 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Target Hospitality by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company’s stock valued at $2,683,000 after acquiring an additional 5,967 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Target Hospitality by 154.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock valued at $651,000 after acquiring an additional 50,758 shares during the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Target Hospitality Trading Up 0.5 %

TH opened at $5.98 on Friday. Target Hospitality Corp. has a 12-month low of $4.00 and a 12-month high of $11.84. The company has a market cap of $591.67 million, a price-to-earnings ratio of 6.87, a PEG ratio of 1.81 and a beta of 2.15. The company’s 50 day moving average is $8.10 and its 200 day moving average is $8.47.

Analyst Ratings Changes

TH has been the topic of a number of research reports. Northland Securities raised shares of Target Hospitality from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th. Stifel Nicolaus dropped their price objective on shares of Target Hospitality from $10.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, February 26th. Finally, Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

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.