Target Hospitality Corp. (NASDAQ:TH) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Target Hospitality Corp. (NASDAQ:TH) by 9.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 855,069 shares of the company’s stock after acquiring an additional 72,579 shares during the period. Geode Capital Management LLC’s holdings in Target Hospitality were worth $6,654,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TH. Bank of New York Mellon Corp lifted its stake in Target Hospitality by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 269,501 shares of the company’s stock valued at $2,347,000 after buying an additional 6,636 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Target Hospitality by 13.3% during the second quarter. Principal Financial Group Inc. now owns 30,221 shares of the company’s stock valued at $263,000 after acquiring an additional 3,556 shares during the period. Rhumbline Advisers lifted its position in shares of Target Hospitality by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 46,867 shares of the company’s stock valued at $408,000 after acquiring an additional 2,613 shares in the last quarter. Quest Partners LLC boosted its stake in Target Hospitality by 4,201.9% in the 2nd quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock worth $118,000 after purchasing an additional 13,194 shares during the period. Finally, AdvisorShares Investments LLC grew its position in Target Hospitality by 33.2% during the 2nd quarter. AdvisorShares Investments LLC now owns 22,589 shares of the company’s stock worth $192,000 after purchasing an additional 5,624 shares in the last quarter. 32.40% of the stock is owned by institutional investors.

Target Hospitality Stock Performance

Shares of TH opened at $9.68 on Friday. Target Hospitality Corp. has a 52 week low of $6.11 and a 52 week high of $11.84. The company has a market capitalization of $957.75 million, a PE ratio of 11.13, a PEG ratio of 0.89 and a beta of 2.12. The company’s 50 day moving average price is $8.75 and its 200 day moving average price is $8.81.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th. Northland Securities upped their price target 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 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.