Emerald Acquisition Ltd. purchased a new position in Textainer Group Holdings Ltd. (NYSE:TGH) during the second quarter, Holdings Channel reports. The fund purchased 86,192 shares of the company’s stock, valued at approximately $960,000. Emerald Acquisition Ltd. owned about 0.15% of Textainer Group Holdings as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in TGH. California State Teachers Retirement System boosted its stake in shares of Textainer Group Holdings by 1.5% in the second quarter. California State Teachers Retirement System now owns 47,562 shares of the company’s stock worth $530,000 after buying an additional 702 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Textainer Group Holdings by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 92,982 shares of the company’s stock worth $1,036,000 after buying an additional 3,417 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Textainer Group Holdings during the first quarter worth $1,163,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Textainer Group Holdings during the first quarter worth $1,246,000. Finally, Geode Capital Management LLC boosted its stake in shares of Textainer Group Holdings by 0.7% in the first quarter. Geode Capital Management LLC now owns 166,726 shares of the company’s stock worth $2,474,000 after buying an additional 1,172 shares during the last quarter. Institutional investors and hedge funds own 13.99% of the company’s stock.
Shares of Textainer Group Holdings Ltd. (NYSE:TGH) traded down 2.71% during trading on Tuesday, hitting $7.54. The stock had a trading volume of 40,194 shares. Textainer Group Holdings Ltd. has a 52 week low of $7.13 and a 52 week high of $21.12. The stock has a market capitalization of $426.69 million, a price-to-earnings ratio of 16.36 and a beta of 2.27. The stock’s 50 day moving average is $8.25 and its 200 day moving average is $11.47.
Textainer Group Holdings (NYSE:TGH) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.09. The company had revenue of $127.45 million for the quarter, compared to analyst estimates of $125.61 million. Textainer Group Holdings had a net margin of 5.08% and a return on equity of 3.16%. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts expect that Textainer Group Holdings Ltd. will post $0.32 earnings per share for the current fiscal year.
Several research firms recently commented on TGH. Cowen and Company lowered their target price on Textainer Group Holdings from $15.00 to $13.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 9th. Zacks Investment Research cut Textainer Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 23rd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.33.
About Textainer Group Holdings
Textainer Group Holdings Limited (TGH) 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 owned containers accounting for approximately 80% of the Company’s fleet; Container Management, which managed containers on behalf of approximately 10 affiliated and unaffiliated container investors, providing acquisition, management and disposal services, and total managed containers accounted for approximately 20% of its fleet, 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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