Massachusetts Financial Services Co. MA Trims Stock Holdings in Target Hospitality Corp. (NASDAQ:TH)

Massachusetts Financial Services Co. MA lessened its stake in shares of Target Hospitality Corp. (NASDAQ:THFree Report) by 3.7% during the 3rd quarter, Holdings Channel reports. The fund owned 138,138 shares of the company’s stock after selling 5,294 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Target Hospitality were worth $2,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Capital Management LLC raised its stake in shares of Target Hospitality by 9.0% during the 2nd quarter. Private Capital Management LLC now owns 5,880,567 shares of the company’s stock worth $33,578,000 after acquiring an additional 483,661 shares in the last quarter. BlackRock Inc. raised its position in Target Hospitality by 7.9% during the second quarter. BlackRock Inc. now owns 2,033,655 shares of the company’s stock valued at $27,292,000 after acquiring an additional 149,649 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Target Hospitality by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,509,539 shares of the company’s stock valued at $19,049,000 after purchasing an additional 22,182 shares during the period. Kent Lake Capital LLC grew its position in shares of Target Hospitality by 50.0% during the 2nd quarter. Kent Lake Capital LLC now owns 900,000 shares of the company’s stock valued at $12,078,000 after acquiring an additional 300,000 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Target Hospitality by 29.1% during the 4th quarter. Two Sigma Investments LP now owns 843,266 shares of the company’s stock worth $12,767,000 after buying an additional 190,050 shares during the period. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

Target Hospitality Trading Up 2.8 %

Target Hospitality stock opened at $9.45 on Tuesday. The stock has a market cap of $960.69 million, a P/E ratio of 6.06, a PEG ratio of 1.03 and a beta of 2.10. The company has a 50-day moving average price of $9.63 and a 200 day moving average price of $12.43. Target Hospitality Corp. has a 12-month low of $8.85 and a 12-month high of $17.88.

Analysts Set New Price Targets

Several analysts recently issued reports on TH shares. TheStreet cut shares of Target Hospitality from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. Stifel Nicolaus cut their price target on Target Hospitality from $19.00 to $14.00 and set a “buy” rating for the company in a report on Monday, December 18th.

View Our Latest Research Report on Target Hospitality

Target Hospitality Company Profile

(Free Report)

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through four segments: Hospitality & Facilities Services – South, Hospitality & Facilities Services – Midwest, Government, and TCPL Keystone. It owns a network of specialty rental accommodation units.

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Want to see what other hedge funds are holding TH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Hospitality Corp. (NASDAQ:THFree Report).

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

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