Bank of New York Mellon Corp Sells 13,164 Shares of Target Hospitality Corp. (NASDAQ:TH)

Bank of New York Mellon Corp lessened its position in Target Hospitality Corp. (NASDAQ:TH) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,049 shares of the company’s stock after selling 13,164 shares during the quarter. Bank of New York Mellon Corp owned about 0.23% of Target Hospitality worth $2,204,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TH. Charles Schwab Investment Management Inc. grew its position in Target Hospitality by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company’s stock worth $2,113,000 after purchasing an additional 60,569 shares during the last quarter. HighTower Advisors LLC grew its position in Target Hospitality by 10.1% in the 3rd 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. Geode Capital Management LLC grew its position in Target Hospitality by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 855,069 shares of the company’s stock worth $6,654,000 after purchasing an additional 72,579 shares during the last quarter. Victory Capital Management Inc. grew its position in Target Hospitality by 48.5% in the 3rd quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock worth $292,000 after purchasing an additional 12,242 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Target Hospitality by 154.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock worth $651,000 after purchasing an additional 50,758 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Trading Up 0.5 %

Shares of NASDAQ TH opened at $5.98 on Friday. Target Hospitality Corp. has a 1-year low of $4.00 and a 1-year high of $11.84. The company has a market cap of $591.67 million, a PE ratio of 6.87, a P/E/G ratio of 1.81 and a beta of 2.15. The company has a 50-day moving average of $8.10 and a two-hundred day moving average of $8.48.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TH. Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $11.00 to $15.00 in a research report on Wednesday, January 29th. Northland Capmk upgraded shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus decreased their target price on shares of Target Hospitality from $10.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th.

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.