Target Hospitality (NASDAQ:TH) Sets New 1-Year Low – Time to Sell?

Target Hospitality Corp. (NASDAQ:TH) reached a new 52-week low during trading on Monday . The stock traded as low as $4.00 and last traded at $5.07, with a volume of 12451080 shares changing hands. The stock had previously closed at $9.36.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Northland Securities upgraded shares of Target Hospitality from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $11.00 to $15.00 in a research note on Wednesday, January 29th. Oppenheimer reaffirmed a “market perform” rating on shares of Target Hospitality in a report on Thursday, November 14th. Finally, Northland Capmk raised shares of Target Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

Target Hospitality Price Performance

The business’s fifty day moving average price is $9.67 and its 200-day moving average price is $9.05. The stock has a market capitalization of $499.65 million, a PE ratio of 5.80, a P/E/G ratio of 1.81 and a beta of 2.07.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Target Hospitality by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,318 shares of the company’s stock worth $119,000 after buying an additional 1,650 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of Target Hospitality by 17.6% during the 4th quarter. Fox Run Management L.L.C. now owns 14,473 shares of the company’s stock valued at $140,000 after acquiring an additional 2,161 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 purchasing an additional 2,262 shares in the last quarter. AdvisorShares Investments LLC increased its position in shares of Target Hospitality by 13.7% in the fourth quarter. AdvisorShares Investments LLC now owns 24,889 shares of the company’s stock worth $241,000 after purchasing an additional 3,000 shares during the last quarter. Finally, AlphaQuest LLC increased its position in shares of Target Hospitality by 275.9% in the fourth quarter. AlphaQuest LLC now owns 4,578 shares of the company’s stock worth $44,000 after purchasing an additional 3,360 shares during the last quarter. Institutional investors own 32.40% of the company’s stock.

About Target Hospitality

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.