5 Best Multibagger Stocks to Buy Now

2. Target Hospitality Corp. (NASDAQ:TH)

1-Year Share Price Gain as of December 13: 372.62%

Number of Hedge Fund Holders: 24

Target Hospitality Corp. (NASDAQ:TH) is a Texas-based specialty rental and hospitality services company that operates through four segments – Hospitality & Facilities Services South, Hospitality & Facilities Services Midwest, Government, and TCPL Keystone. On November 9, Target Hospitality Corp. (NASDAQ:TH) reported a Q3 revenue of $159.57 million, up 79% year-over-year and beating market estimates by $1.37 million. The company posted record quarterly adjusted EBITDA of $84.4 million for the three months ended September 30, 2022, an increase of 125% from the same period in 2021.

According to Insider Monkey’s data, 24 hedge funds were long Target Hospitality Corp. (NASDAQ:TH) at the end of September 2022, compared to 14 funds in the prior quarter. The collective stakes held by elite funds increased to $139 million in Q3 from $47.8 million in Q2 2022. Gregg J. Powers’ Private Capital Management is the largest stakeholder of the company, with 5.72 million shares worth $72.2 million.