Target Hospitality Corp. (NASDAQ:TH) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Target Hospitality Corp. (NASDAQ:TH) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,734 shares of the company’s stock after selling 6,153 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of Target Hospitality worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TH. Intech Investment Management LLC acquired a new stake in shares of Target Hospitality in the third quarter worth $87,000. SG Americas Securities LLC acquired a new stake in shares of Target Hospitality in the third quarter valued at about $108,000. Quest Partners LLC lifted its position in Target Hospitality by 4,201.9% during the 2nd quarter. Quest Partners LLC now owns 13,508 shares of the company’s stock worth $118,000 after acquiring an additional 13,194 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Target Hospitality by 11.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock worth $126,000 after acquiring an additional 1,540 shares during the period. Finally, Creative Planning acquired a new stake in Target Hospitality in the third quarter valued at approximately $145,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Wall Street Analyst Weigh In

TH has been the subject of several recent analyst reports. Oppenheimer restated a “market perform” rating on shares of Target Hospitality in a research note on Thursday, November 14th. Northland Securities raised their price target 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 Stock Performance

TH stock opened at $9.42 on Friday. The stock has a market capitalization of $932.02 million, a price-to-earnings ratio of 10.83, a PEG ratio of 0.89 and a beta of 2.12. The stock’s fifty day moving average is $8.33 and its two-hundred day moving average is $8.80. Target Hospitality Corp. has a 1 year low of $6.11 and a 1 year high of $11.84.

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.