Massachusetts Financial Services Co. MA cut its stake in shares of Textainer Group Holdings (NYSE:TGH) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,850 shares of the transportation company’s stock after selling 16,067 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.89% of Textainer Group worth $8,659,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Textainer Group during the fourth quarter valued at $186,000. Atria Investments LLC purchased a new stake in shares of Textainer Group during the fourth quarter valued at $200,000. MetLife Investment Advisors LLC purchased a new stake in shares of Textainer Group during the fourth quarter valued at $248,000. Tower Research Capital LLC TRC grew its holdings in shares of Textainer Group by 528.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,636 shares of the transportation company’s stock valued at $272,000 after buying an additional 10,626 shares during the last quarter. Finally, HBK Investments L P purchased a new stake in shares of Textainer Group during the fourth quarter valued at $314,000. 25.90% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on TGH shares. Zacks Investment Research lowered shares of Textainer Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. Compass Point assumed coverage on shares of Textainer Group in a report on Monday, April 23rd. They issued a “neutral” rating and a $17.00 price target on the stock. ValuEngine raised shares of Textainer Group from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $21.00 price target on shares of Textainer Group in a report on Friday, February 16th. Finally, TheStreet lowered shares of Textainer Group from a “c-” rating to a “d+” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $23.00.
NYSE:TGH opened at $17.95 on Tuesday. Textainer Group Holdings has a one year low of $10.15 and a one year high of $26.50. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $993.49 million, a price-to-earnings ratio of 43.78 and a beta of 2.50.
Textainer Group (NYSE:TGH) last posted its quarterly earnings results on Tuesday, May 8th. The transportation company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Textainer Group had a net margin of 8.88% and a return on equity of 4.10%. The business had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $131.84 million. During the same period in the previous year, the company posted ($0.16) earnings per share. Textainer Group’s revenue for the quarter was up 13.9% compared to the same quarter last year. sell-side analysts anticipate that Textainer Group Holdings will post 1.34 earnings per share for the current year.
Textainer Group Company Profile
Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.
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