Target Hospitality Corp. (NASDAQ:TH) Stock Position Trimmed by DRW Securities LLC

DRW Securities LLC cut its position in Target Hospitality Corp. (NASDAQ:TH) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 162,815 shares of the company’s stock after selling 4,394 shares during the quarter. DRW Securities LLC owned about 0.16% of Target Hospitality worth $1,267,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. LB Partners LLC raised its position in shares of Target Hospitality by 300.3% during the 3rd quarter. LB Partners LLC now owns 536,428 shares of the company’s stock worth $4,173,000 after buying an additional 402,428 shares in the last quarter. Denali Advisors LLC raised its position in shares of Target Hospitality by 856.2% during the 2nd quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock worth $1,616,000 after buying an additional 166,100 shares in the last quarter. Atlas Merchant Capital LLC bought a new stake in shares of Target Hospitality during the 2nd quarter worth about $1,306,000. American Century Companies Inc. raised 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 buying an additional 112,833 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Target Hospitality by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,590 shares of the company’s stock worth $2,113,000 after buying an additional 60,569 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Target Hospitality Price Performance

Shares of TH opened at $8.42 on Tuesday. The firm’s 50 day moving average is $8.20 and its 200-day moving average is $9.14. The stock has a market capitalization of $833.07 million, a P/E ratio of 9.68, a P/E/G ratio of 0.88 and a beta of 2.09. Target Hospitality Corp. has a 12-month low of $6.11 and a 12-month high of $11.84.

Target Hospitality 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.