Tower Research Capital LLC TRC increased its holdings in shares of Textainer Group Holdings Limited (NYSE:TGH) by 528.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,636 shares of the transportation company’s stock after acquiring an additional 10,626 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Textainer Group were worth $272,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in TGH. Voya Investment Management LLC bought a new position in Textainer Group during the second quarter worth about $170,000. SG Americas Securities LLC bought a new position in Textainer Group in the 4th quarter valued at about $186,000. Dynamic Technology Lab Private Ltd bought a new position in Textainer Group in the 3rd quarter valued at about $190,000. Atria Investments LLC bought a new position in Textainer Group in the 4th quarter valued at about $200,000. Finally, Cubist Systematic Strategies LLC increased its holdings in Textainer Group by 240.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 12,925 shares of the transportation company’s stock valued at $222,000 after buying an additional 9,129 shares during the period. 25.02% of the stock is currently owned by institutional investors and hedge funds.
Textainer Group Holdings Limited (NYSE:TGH) opened at $17.45 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.28. Textainer Group Holdings Limited has a 1-year low of $9.60 and a 1-year high of $26.50. The company has a market cap of $996.35, a PE ratio of 42.56, a price-to-earnings-growth ratio of 1.04 and a beta of 2.32.
Several equities analysts have commented on TGH shares. Cowen raised their target price on shares of Textainer Group from $21.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Zacks Investment Research raised shares of Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Thursday, November 16th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $22.00 target price on shares of Textainer Group in a report on Sunday, November 19th. Wells Fargo & Co raised their target price on shares of Textainer Group from $19.00 to $22.00 and gave the company a “market perform” rating in a report on Tuesday, November 14th. Finally, SunTrust Banks reissued a “buy” rating and issued a $25.00 target price on shares of Textainer Group in a report on Friday, November 10th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $24.20.
WARNING: This piece of content was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3223971/tower-research-capital-llc-trc-acquires-10626-shares-of-textainer-group-holdings-limited-tgh.html.
Textainer Group 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.
Want to see what other hedge funds are holding TGH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Textainer Group Holdings Limited (NYSE:TGH).
Receive News & Ratings for Textainer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textainer Group and related companies with MarketBeat.com's FREE daily email newsletter.