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Alps Advisors Inc. raised its holdings in Target Hospitality Corp. (NASDAQ: TH – Free Report ) by 15.0% during the third quarter, according to a recent SEC filing. The company now owns 21,931 shares of the company’s stock after purchasing an additional 2,866 shares during the quarter. Alps Advisors Inc.’s stake in Target Hospitality was worth $348,000 as of its most recent SEC filing.
Other large investors also made changes to their holdings in the company. Great West Life Assurance Co. Can increased its holdings in Target Hospitality by 110.1% in the second quarter. Great West Life Assurance Co. Can now owns 1,910 shares of the company’s stock valued at $26,000 after purchasing an additional 1,001 shares during the last quarter. Point72 Asset Management LP acquired a new stake in shares of Target Hospitality during the second quarter valued at $29,000. FMR LLC increased its stake in Target Hospitality by 161.2% in the third quarter. FMR LLC now owns 2,406 shares of the company’s stock valued at $38,000 after purchasing an additional 1,485 shares during the last quarter. Quarry LP acquired a new stake in shares of Target Hospitality during the first quarter worth $41,000. Finally, New York State Teachers’ Retirement System acquired a new stake in Target Hospitality during the third quarter valued at $44,000. 31.96% of the stock is held by hedge funds and other institutional investors.
Target hotel value for money
Target Hospitality stock opened Friday at $8.62. The business has a 50-day moving average of $9.39 and a 200-day moving average of $11.84. The company has a market capitalization of $876.31 million, a P/E ratio of 5.53, a P/E ratio of 0.97, and a beta of 2.08. Target Hospitality Corp. has a one-year low of $8.54 and a one-year high of $17.88.
Wall Street analysts forecast growth
Several brokerages have recently released reports on TH. TheStreet downgraded Target Hospitality from a “b” rating to a “c+” rating in a report on Monday, January 22nd. Stifel Nicolaus lowered their target price on Target Hospitality from $19.00 to $14.00 and set a “buy” rating for the company in a report on Monday, December 18th.
Read our latest analysis for TH
Target Hotel Introduction
(free report)
Target Hospitality Corp. operates specialty rental and hotel services companies in North America. The company operates through four segments: Southern Hotels and Facilities, Midwest Hotels and Facilities, Government and TCPL Keystone. It has a network of professional rental accommodation units.
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Want to see which other hedge funds hold TH? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Target Hospitality Corp. (NASDAQ: TH – Free Report).
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