Geode Capital Management LLC raised its stake in shares of Textainer Group Holdings Limited (NYSE:TGH) by 13.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,109 shares of the transportation company’s stock after buying an additional 25,448 shares during the period. Geode Capital Management LLC owned approximately 0.37% of Textainer Group Holdings Limited worth $3,184,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Textainer Group Holdings Limited by 20.2% in the first quarter. Wellington Management Group LLP now owns 1,310,131 shares of the transportation company’s stock valued at $20,045,000 after buying an additional 220,193 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Textainer Group Holdings Limited by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 748,540 shares of the transportation company’s stock valued at $5,577,000 after buying an additional 46,913 shares in the last quarter. State Street Corp boosted its position in shares of Textainer Group Holdings Limited by 17.2% in the fourth quarter. State Street Corp now owns 406,172 shares of the transportation company’s stock valued at $3,026,000 after buying an additional 59,500 shares in the last quarter. Royce & Associates LP purchased a new position in shares of Textainer Group Holdings Limited during the first quarter valued at about $5,884,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Textainer Group Holdings Limited by 18.9% in the first quarter. Ameriprise Financial Inc. now owns 339,749 shares of the transportation company’s stock valued at $5,198,000 after buying an additional 54,102 shares in the last quarter. Hedge funds and other institutional investors own 22.19% of the company’s stock.
Textainer Group Holdings Limited (TGH) traded up 0.67% during trading on Monday, hitting $15.10. 148,278 shares of the stock were exchanged. The stock’s 50 day moving average is $15.29 and its 200-day moving average is $14.21. The company’s market cap is $857.88 million. Textainer Group Holdings Limited has a one year low of $6.90 and a one year high of $17.60.
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. The company had revenue of $119.25 million during the quarter, compared to analysts’ expectations of $120.62 million. Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS. On average, equities research analysts expect that Textainer Group Holdings Limited will post $0.14 earnings per share for the current fiscal year.
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Several equities analysts have issued reports on TGH shares. Cowen and Company dropped their price objective on shares of Textainer Group Holdings Limited from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, May 15th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Textainer Group Holdings Limited in a research note on Friday, May 5th. Zacks Investment Research cut shares of Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub raised shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $19.00 price objective (up from $16.00) on shares of Textainer Group Holdings Limited in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.75.
Textainer Group Holdings Limited Company 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.
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