Textainer Group Holdings Limited (TGH) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its position in Textainer Group Holdings Limited (NYSE:TGH) by 98.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 763,190 shares of the transportation company’s stock after buying an additional 378,600 shares during the period. Royce & Associates LP owned 1.34% of Textainer Group Holdings Limited worth $11,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. increased its stake in shares of Textainer Group Holdings Limited by 7.1% in the 1st quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock valued at $214,000 after buying an additional 926 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in shares of Textainer Group Holdings Limited in the 1st quarter worth $255,000. GHP Investment Advisors Inc. boosted its position in shares of Textainer Group Holdings Limited by 23.0% in the 1st quarter. GHP Investment Advisors Inc. now owns 19,579 shares of the transportation company’s stock worth $300,000 after purchasing an additional 3,665 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Textainer Group Holdings Limited by 14.9% in the 1st quarter. Alliancebernstein L.P. now owns 21,600 shares of the transportation company’s stock worth $330,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Textainer Group Holdings Limited by 22.1% in the 2nd quarter. Rhumbline Advisers now owns 32,441 shares of the transportation company’s stock worth $470,000 after purchasing an additional 5,872 shares during the last quarter. 22.42% of the stock is owned by institutional investors.

Textainer Group Holdings Limited (NYSE TGH) traded up 3.62% on Friday, reaching $15.75. The company’s stock had a trading volume of 1,229,304 shares. Textainer Group Holdings Limited has a 12 month low of $6.90 and a 12 month high of $18.35. The stock’s 50 day moving average price is $16.37 and its 200 day moving average price is $14.41. The company’s market cap is $894.80 million.

Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The business had revenue of $119.25 million for the quarter, compared to analyst estimates of $120.62 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis. Equities research analysts forecast that Textainer Group Holdings Limited will post $0.14 earnings per share for the current year.

Several research firms have recently issued reports on TGH. SunTrust Banks, Inc. restated a “buy” rating and issued a $19.00 price target (up from $16.00) on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. BidaskClub upgraded Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price target on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. ValuEngine upgraded Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.00.

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Textainer Group Holdings Limited Profile

Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.

Institutional Ownership by Quarter for Textainer Group Holdings Limited (NYSE:TGH)

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