Teacher Retirement System of Texas Takes $2.71 Million Position in Target Hospitality Corp. (NASDAQ:TH)

Teacher Retirement System of Texas bought a new position in shares of Target Hospitality Corp. (NASDAQ:TH) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 279,834 shares of the company’s stock, valued at approximately $2,705,000.

Several other institutional investors have also modified their holdings of TH. HighTower Advisors LLC lifted its holdings in Target Hospitality by 10.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,466,356 shares of the company’s stock valued at $11,408,000 after purchasing an additional 134,966 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Target Hospitality by 9.3% in the third quarter. Geode Capital Management LLC now owns 855,069 shares of the company’s stock worth $6,654,000 after buying an additional 72,579 shares in the last quarter. State Street Corp boosted its position in 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 acquiring an additional 12,087 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Target Hospitality by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 277,557 shares of the company’s stock worth $2,683,000 after acquiring an additional 5,967 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Target Hospitality by 154.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 83,708 shares of the company’s stock valued at $651,000 after acquiring an additional 50,758 shares during the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TH shares. Stifel Nicolaus decreased their target price on shares of Target Hospitality from $10.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, February 26th. Northland Securities upgraded 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 research report on Wednesday, January 29th. Finally, Northland Capmk upgraded Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

Target Hospitality Stock Up 0.3 %

Shares of TH opened at $6.13 on Wednesday. The company has a market cap of $606.51 million, a P/E ratio of 7.05, a PEG ratio of 1.81 and a beta of 2.15. Target Hospitality Corp. has a fifty-two week low of $4.00 and a fifty-two week high of $11.84. The firm’s 50 day moving average price is $7.95 and its 200 day moving average price is $8.41.

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.