Janus Henderson Group PLC Buys 6,062 Shares of Target Hospitality Corp. (NASDAQ:TH)

Janus Henderson Group PLC boosted its position in Target Hospitality Corp. (NASDAQ:TH) by 11.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,585 shares of the company’s stock after buying an additional 6,062 shares during the period. Janus Henderson Group PLC owned approximately 0.06% of Target Hospitality worth $471,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. LB Partners LLC grew its holdings in shares of Target Hospitality by 300.3% during the third quarter. LB Partners LLC now owns 536,428 shares of the company’s stock valued at $4,173,000 after buying an additional 402,428 shares during the last quarter. DRW Securities LLC bought a new position in Target Hospitality in the 2nd quarter valued at about $1,456,000. Denali Advisors LLC boosted its stake in Target Hospitality by 856.2% during the 2nd quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock valued at $1,616,000 after purchasing an additional 166,100 shares during the last quarter. Atlas Merchant Capital LLC bought a new stake in Target Hospitality during the 2nd quarter worth approximately $1,306,000. Finally, HighTower Advisors LLC raised its stake in shares of Target Hospitality by 10.1% in the third quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock worth $11,408,000 after purchasing an additional 134,966 shares during the last quarter. 32.40% of the stock is owned by institutional investors and hedge funds.

Target Hospitality Stock Up 0.3 %

Shares of NASDAQ:TH opened at $8.67 on Monday. The firm has a market capitalization of $857.82 million, a PE ratio of 9.97, a P/E/G ratio of 0.89 and a beta of 2.12. The company has a 50-day moving average price of $8.15 and a two-hundred day moving average price of $8.82. Target Hospitality Corp. has a twelve month low of $6.11 and a twelve month high of $11.84.

Wall Street Analysts Forecast Growth

TH has been the subject of several recent analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th. Northland Securities upped their price objective on shares of Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th.

Target Hospitality Company 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.