Vanguard Group Inc. purchased a new position in Target Hospitality Corp. (NYSE:TH) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,187,034 shares of the company’s stock, valued at approximately $10,802,000.

A number of other hedge funds also recently made changes to their positions in TH. STA Wealth Management LLC purchased a new stake in shares of Target Hospitality during the 2nd quarter valued at about $255,000. Wesbanco Bank Inc. purchased a new stake in shares of Target Hospitality during the 2nd quarter valued at about $273,000. Tower Research Capital LLC TRC raised its position in shares of Target Hospitality by 981.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 18,204 shares of the company’s stock valued at $166,000 after buying an additional 16,521 shares in the last quarter. BlackRock Inc. raised its position in shares of Target Hospitality by 2,490.8% during the 2nd quarter. BlackRock Inc. now owns 3,108,998 shares of the company’s stock valued at $28,292,000 after buying an additional 2,988,998 shares in the last quarter. Finally, Maven Securities LTD raised its position in shares of Target Hospitality by 150.0% during the 2nd quarter. Maven Securities LTD now owns 50,000 shares of the company’s stock valued at $451,000 after buying an additional 30,000 shares in the last quarter.

NYSE:TH traded up $0.07 during mid-day trading on Wednesday, hitting $5.58. 23,350 shares of the stock traded hands, compared to its average volume of 300,315. Target Hospitality Corp. has a 52 week low of $5.48 and a 52 week high of $12.11. The stock has a 50 day moving average price of $6.50.

Target Hospitality (NYSE:TH) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $81.36 million for the quarter, compared to the consensus estimate of $82.58 million.

In related news, Director Jeffrey Sagansky bought 55,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were acquired at an average cost of $6.93 per share, for a total transaction of $381,150.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO James B. Archer acquired 64,084 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $6.24 per share, for a total transaction of $399,884.16. The disclosure for this purchase can be found here. Insiders have purchased a total of 151,584 shares of company stock worth $982,659 over the last quarter.

Several analysts have recently issued reports on TH shares. Zacks Investment Research cut shares of Target Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. National Bank of Canada restated a “sector perform” rating on shares of Target Hospitality in a research report on Friday, July 12th. Finally, Northland Securities restated a “buy” rating and set a $12.00 target price on shares of Target Hospitality in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Target Hospitality presently has an average rating of “Buy” and an average price target of $12.52.

About Target Hospitality

Target Hospitality Corp., through its subsidiaries, provides specialty rental accommodations with catering and value-added hospitality services in the United States. The company was formerly known as Platinum Eagle Acquisition Corp. and changed its name to Target Hospitality Corp. in March 2019. The company is headquartered in The Woodlands, Texas.

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Institutional Ownership by Quarter for Target Hospitality (NYSE:TH)

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