BNP Paribas Financial Markets Increases Stock Holdings in Target Hospitality Corp. (NASDAQ:TH)

BNP Paribas Financial Markets increased its stake in Target Hospitality Corp. (NASDAQ:TH) by 154.0% in the third quarter, Holdings Channel reports. The institutional investor owned 83,708 shares of the company’s stock after acquiring an additional 50,758 shares during the period. BNP Paribas Financial Markets’ holdings in Target Hospitality were worth $651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TH. American Century Companies Inc. lifted its position in shares of Target Hospitality by 39.7% in the 2nd quarter. American Century Companies Inc. now owns 397,324 shares of the company’s stock worth $3,461,000 after purchasing an additional 112,833 shares during the period. Denali Advisors LLC increased its holdings in shares of Target Hospitality by 856.2% in the 2nd quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock valued at $1,616,000 after acquiring an additional 166,100 shares during the period. LB Partners LLC raised its position in shares of Target Hospitality by 300.3% in the 3rd quarter. LB Partners LLC now owns 536,428 shares of the company’s stock worth $4,173,000 after acquiring an additional 402,428 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Target Hospitality by 11.9% during 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 last quarter. Finally, Victory Capital Management Inc. boosted its position in Target Hospitality by 48.5% during the third quarter. Victory Capital Management Inc. now owns 37,504 shares of the company’s stock valued at $292,000 after purchasing an additional 12,242 shares in the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

Target Hospitality Price Performance

NASDAQ TH opened at $8.64 on Friday. Target Hospitality Corp. has a 1 year low of $6.11 and a 1 year high of $11.84. The company has a market capitalization of $854.85 million, a PE ratio of 9.93, a P/E/G ratio of 0.83 and a beta of 2.12. The company has a fifty day moving average of $8.13 and a 200 day moving average of $8.88.

Analyst Ratings Changes

Several research firms have issued reports on TH. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th. Northland Securities boosted their target price on Target Hospitality from $9.00 to $11.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th.

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.