Charles Schwab Investment Management Inc. Raises Stock Holdings in Target Hospitality Corp. (NASDAQ:TH)

Charles Schwab Investment Management Inc. grew its stake in Target Hospitality Corp. (NASDAQ:TH) by 28.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,590 shares of the company’s stock after buying an additional 60,569 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.27% of Target Hospitality worth $2,113,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Target Hospitality by 39.7% during the second 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 in the last quarter. Denali Advisors LLC boosted its stake in Target Hospitality by 856.2% during the second quarter. Denali Advisors LLC now owns 185,500 shares of the company’s stock valued at $1,616,000 after buying an additional 166,100 shares during the last quarter. LB Partners LLC boosted its stake in Target Hospitality by 300.3% during the third quarter. LB Partners LLC now owns 536,428 shares of the company’s stock valued at $4,173,000 after buying an additional 402,428 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Target Hospitality by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 14,480 shares of the company’s stock valued at $126,000 after buying an additional 1,540 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake 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 buying an additional 12,242 shares during the last quarter. Hedge funds and other institutional investors own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Target Hospitality Stock Up 0.3 %

NASDAQ:TH opened at $8.67 on Monday. The stock’s fifty day moving average is $8.15 and its two-hundred day moving average is $8.82. Target Hospitality Corp. has a 52 week low of $6.11 and a 52 week high of $11.84. The stock has a market capitalization of $857.82 million, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12.

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.