5 Best Multibagger Stocks to Buy Now

3. Target Hospitality Corp. (NASDAQ:TH)

Number of Hedge Fund Holders: 14

1-Year Stock Price Performance: 211.96%

Target Hospitality Corp. (NASDAQ:TH) is the Woodlands, Texas-based provider of housing communities to the energy infrastructure sector, oil and gas sector, and the public sector. The company builds, owns, and operates these housing communities and uses them as a platform to provide specialty rental and hospitality services to these sectors.

Target Hospitality Corp. (NASDAQ:TH) heavily relies on governmental contracts as they contributed 68% to the company’s top line during Q2 2022. Target Hospitality Corp. (NASDAQ:TH) has also agreed on a contract extension and expansion for the operations of West Texas government facilities till May 2023. However, experts believe that the contract will run past this date as the US government is reimbursing $194 million of capital expenditure incurred by Target Hospitality Corp. (NASDAQ:TH) in real-time.

As of Q2 2022, Target Hospitality Corp. (NASDAQ:TH) was held by 14 hedge funds.