Bank of New York Mellon Corp increased its stake in shares of Textainer Group Holdings Ltd. (NYSE:TGH) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,982 shares of the company’s stock after buying an additional 3,417 shares during the period. Bank of New York Mellon Corp owned approximately 0.16% of Textainer Group Holdings worth $1,036,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. acquired a new position in shares of Textainer Group Holdings during the first quarter valued at approximately $1,246,000. A.R.T. Advisors LLC acquired a new position in shares of Textainer Group Holdings during the first quarter valued at approximately $1,163,000. Prudential Financial Inc. acquired a new position in shares of Textainer Group Holdings during the first quarter valued at approximately $771,000. Finally, UBS Group AG increased its position in shares of Textainer Group Holdings by 37.8% in the first quarter. UBS Group AG now owns 110,544 shares of the company’s stock valued at $1,641,000 after buying an additional 30,303 shares during the last quarter. Institutional investors own 13.99% of the company’s stock.
Textainer Group Holdings Ltd. (NYSE:TGH) remained flat at $7.25 on Friday. The company’s stock had a trading volume of 182,460 shares. Textainer Group Holdings Ltd. has a 52-week low of $7.13 and a 52-week high of $21.12. The company’s 50 day moving average is $8.04 and its 200 day moving average is $11.34. The company has a market capitalization of $410.28 million, a price-to-earnings ratio of 15.73 and a beta of 2.27.
Textainer Group Holdings (NYSE:TGH) last announced its earnings results on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.09. Textainer Group Holdings had a return on equity of 3.16% and a net margin of 5.08%. The business had revenue of $127.45 million for the quarter, compared to the consensus estimate of $125.61 million. During the same period in the prior year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. Analysts predict that Textainer Group Holdings Ltd. will post $0.32 EPS for the current fiscal year.
Several research analysts have recently commented on the company. Cowen and Company reduced their target price on Textainer Group Holdings from $15.00 to $13.00 and set a “market perform” rating on the stock in a report on Tuesday, August 9th. Zacks Investment Research downgraded Textainer Group Holdings from a “hold” rating to a “sell” rating in a 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. Textainer Group Holdings has an average rating of “Hold” and an average 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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