Textainer Group (NYSE:TGH) Sets New 52-Week High at $12.75

Shares of Textainer Group Holdings Limited (NYSE:TGH) hit a new 52-week high during trading on Monday . The stock traded as high as $12.75 and last traded at $12.72, with a volume of 1975 shares trading hands. The stock had previously closed at $12.37.

Separately, TheStreet raised Textainer Group from a “d+” rating to a “c” rating in a report on Friday, August 14th.

The company has a 50-day simple moving average of $10.96 and a 200-day simple moving average of $8.78. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $792.39 million, a P/E ratio of 15.49 and a beta of 1.70.

Textainer Group (NYSE:TGH) last issued its quarterly earnings results on Thursday, August 13th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.23. Textainer Group had a net margin of 8.55% and a return on equity of 3.83%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGH. Bank of Montreal Can acquired a new position in shares of Textainer Group during the second quarter valued at $33,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Textainer Group in the 1st quarter valued at about $91,000. PEAK6 Investments LLC acquired a new stake in shares of Textainer Group during the 1st quarter worth approximately $91,000. Jane Street Group LLC bought a new stake in shares of Textainer Group during the second quarter worth approximately $95,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Textainer Group in the second quarter valued at approximately $118,000. 35.50% of the stock is owned by institutional investors.

Textainer Group Company Profile (NYSE:TGH)

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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