BNP Paribas Financial Markets Buys 50,758 Shares of Target Hospitality Corp. (NASDAQ:TH)

BNP Paribas Financial Markets increased its position in shares of Target Hospitality Corp. (NASDAQ:TH) by 154.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,708 shares of the company’s stock after acquiring an additional 50,758 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Target Hospitality worth $651,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC bought a new position in shares of Target Hospitality in the 3rd quarter valued at about $87,000. SG Americas Securities LLC acquired a new position in Target Hospitality during the third quarter valued at approximately $108,000. Quest Partners LLC grew its stake in Target Hospitality by 4,201.9% in the second quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock valued at $118,000 after purchasing an additional 13,194 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Target Hospitality by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock worth $126,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of Target Hospitality during the 3rd quarter worth approximately $145,000. Institutional investors and hedge funds own 32.40% of the company’s stock.

Target Hospitality Price Performance

Shares of TH stock opened at $8.64 on Friday. Target Hospitality Corp. has a one year low of $6.11 and a one year high of $11.84. The company has a market cap of $854.85 million, a P/E ratio of 9.93, a P/E/G ratio of 0.83 and a beta of 2.12. The firm has a 50-day moving average of $8.13 and a 200-day moving average of $8.88.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TH. Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a research note 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.

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.