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

Geode Capital Management LLC lifted its holdings in shares of Target Hospitality Corp. (NASDAQ:TH) by 9.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 855,069 shares of the company’s stock after buying an additional 72,579 shares during the period. Geode Capital Management LLC owned 0.85% of Target Hospitality worth $6,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TH. The Manufacturers Life Insurance Company lifted its stake in Target Hospitality by 11.9% in the second quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock valued at $126,000 after buying an additional 1,540 shares during the last quarter. Rhumbline Advisers lifted its position in 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 purchasing an additional 2,613 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Target Hospitality by 13.3% during the 2nd quarter. Principal Financial Group Inc. now owns 30,221 shares of the company’s stock valued at $263,000 after purchasing an additional 3,556 shares during the period. AdvisorShares Investments LLC boosted its stake in Target Hospitality by 33.2% during the 2nd quarter. AdvisorShares Investments LLC now owns 22,589 shares of the company’s stock valued at $192,000 after purchasing an additional 5,624 shares during the period. Finally, Janus Henderson Group PLC grew its position in Target Hospitality by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 60,585 shares of the company’s stock worth $471,000 after purchasing an additional 6,062 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Northland Securities boosted their price objective on Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a research report on Thursday, November 14th.

Target Hospitality Trading Down 0.1 %

Shares of NASDAQ:TH opened at $9.68 on Friday. The company has a 50 day moving average of $8.75 and a 200-day moving average of $8.81. The firm has a market cap of $957.75 million, a P/E ratio of 11.13, a P/E/G ratio of 0.89 and a beta of 2.12. Target Hospitality Corp. has a twelve month low of $6.11 and a twelve month high of $11.84.

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.