Creative Planning Takes Position in Target Hospitality Corp. (NASDAQ:TH)

Creative Planning bought a new position in shares of Target Hospitality Corp. (NASDAQ:TH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,634 shares of the company’s stock, valued at approximately $145,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in shares of Target Hospitality by 13.9% in the first quarter. Covestor Ltd now owns 8,925 shares of the company’s stock valued at $97,000 after buying an additional 1,092 shares during the period. SG Americas Securities LLC acquired a new stake in Target Hospitality during the 3rd quarter valued at approximately $108,000. Quest Partners LLC raised its holdings 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 purchasing an additional 13,194 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Target Hospitality in the 1st quarter worth approximately $122,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of 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 purchasing an additional 1,540 shares during the period. 32.40% of the stock is owned by institutional investors.

Target Hospitality Price Performance

Shares of NASDAQ:TH opened at $9.84 on Wednesday. Target Hospitality Corp. has a 1 year low of $6.11 and a 1 year high of $11.88. The business’s 50-day moving average is $8.39 and its 200-day moving average is $9.30. The company has a market capitalization of $988.23 million, a price-to-earnings ratio of 8.77, a P/E/G ratio of 0.94 and a beta of 2.09.

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.