UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,153 Shares of Target Hospitality Corp. (NASDAQ:TH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Target Hospitality Corp. (NASDAQ:TH) by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,734 shares of the company’s stock after selling 6,153 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Target Hospitality were worth $613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TH. Renaissance Technologies LLC boosted its position in Target Hospitality by 6.1% during the second quarter. Renaissance Technologies LLC now owns 741,036 shares of the company’s stock worth $6,454,000 after purchasing an additional 42,800 shares during the period. LB Partners LLC increased its stake in shares of Target Hospitality by 300.3% in the third quarter. LB Partners LLC now owns 536,428 shares of the company’s stock worth $4,173,000 after purchasing an additional 402,428 shares during the period. American Century Companies Inc. lifted its position in shares of Target Hospitality by 39.7% during 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 last quarter. Charles Schwab Investment Management Inc. boosted its stake in Target Hospitality by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company’s stock valued at $2,113,000 after purchasing an additional 60,569 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Target Hospitality by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 269,501 shares of the company’s stock valued at $2,347,000 after buying an additional 6,636 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

Target Hospitality Trading Down 1.3 %

Shares of TH opened at $9.42 on Friday. Target Hospitality Corp. has a 1 year low of $6.11 and a 1 year high of $11.84. The stock has a 50 day simple moving average of $8.33 and a 200-day simple moving average of $8.80. The stock has a market cap of $932.02 million, a PE ratio of 10.83, a PEG ratio of 0.89 and a beta of 2.12.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TH shares. Oppenheimer reiterated a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th. Northland Securities lifted their target price 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.

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.