Victory Capital Management Inc. Raises Stock Position in Target Hospitality Corp. (NASDAQ:TH)

Victory Capital Management Inc. raised its stake in shares of Target Hospitality Corp. (NASDAQ:TH) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,389 shares of the company’s stock after purchasing an additional 6,885 shares during the quarter. Victory Capital Management Inc.’s holdings in Target Hospitality were worth $429,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TH. HighTower Advisors LLC increased its stake in shares of 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 acquiring an additional 134,966 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 acquiring an additional 72,579 shares in the last quarter. State Street Corp increased its stake in shares of Target Hospitality by 1.7% in the 3rd quarter. State Street Corp now owns 725,905 shares of the company’s stock worth $5,648,000 after acquiring an additional 12,087 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Target Hospitality by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company’s stock worth $2,683,000 after acquiring an additional 5,967 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of 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 acquiring an additional 50,758 shares in the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Target Hospitality Stock Performance

NASDAQ:TH opened at $5.98 on Friday. The firm has a market cap of $591.67 million, a P/E ratio of 6.87, a P/E/G ratio of 1.81 and a beta of 2.15. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.84. The firm has a 50-day simple moving average of $8.10 and a two-hundred day simple moving average of $8.47.

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.