Target Hospitality Corp. (NASDAQ:TH) Shares Sold by Equitable Trust Co.

Equitable Trust Co. cut its holdings in Target Hospitality Corp. (NASDAQ:TH) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,491 shares of the company’s stock after selling 12,620 shares during the period. Equitable Trust Co.’s holdings in Target Hospitality were worth $1,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Target Hospitality by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock worth $126,000 after buying an additional 1,540 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Target Hospitality by 16.3% during the fourth quarter. SG Americas Securities LLC now owns 16,110 shares of the company’s stock worth $156,000 after buying an additional 2,262 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Target Hospitality by 11.1% during the third quarter. Janus Henderson Group PLC now owns 60,585 shares of the company’s stock worth $471,000 after buying an additional 6,062 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Target Hospitality during the third quarter worth about $87,000. Finally, State Street Corp grew its holdings in shares of Target Hospitality by 1.7% during the third quarter. State Street Corp now owns 725,905 shares of the company’s stock worth $5,648,000 after buying an additional 12,087 shares during the last quarter. 32.40% of the stock is currently owned by institutional investors and hedge funds.

Target Hospitality Stock Up 5.9 %

Shares of NASDAQ:TH opened at $9.22 on Tuesday. The company has a market cap of $912.23 million, a P/E ratio of 10.60, a PEG ratio of 1.66 and a beta of 2.07. Target Hospitality Corp. has a 52 week low of $6.11 and a 52 week high of $11.84. The company has a 50-day moving average price of $9.46 and a 200 day moving average price of $9.03.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TH shares. Oppenheimer reissued a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th. Northland Securities raised Target Hospitality from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $15.00 in a report on Wednesday, January 29th. Finally, Northland Capmk raised Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

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.