Dynamic Technology Lab Private Ltd acquired a new position in Textainer Group Holdings Ltd. (NYSE:TGH) during the second quarter, Holdings Channel reports. The fund acquired 11,766 shares of the company’s stock, valued at approximately $131,000.
A number of other large investors have also made changes to their positions in the company. Emerald Acquisition Ltd. acquired a new stake in shares of Textainer Group Holdings during the second quarter worth $960,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Textainer Group Holdings during the first quarter worth $1,246,000. A.R.T. Advisors LLC acquired a new stake in shares of Textainer Group Holdings during the first quarter worth $1,163,000. Prudential Financial Inc. boosted its stake in shares of Textainer Group Holdings by 103.0% in the second quarter. Prudential Financial Inc. now owns 105,430 shares of the company’s stock worth $1,174,000 after buying an additional 53,500 shares during the period. Finally, UBS Group AG boosted its stake 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 worth $1,641,000 after buying an additional 30,303 shares during the period. Institutional investors and hedge funds own 13.99% of the company’s stock.
Shares of Textainer Group Holdings Ltd. (NYSE:TGH) opened at 7.55 on Friday. The company has a 50-day moving average of $8.29 and a 200 day moving average of $11.54. The stock has a market cap of $427.25 million, a PE ratio of 16.38 and a beta of 2.27. Textainer Group Holdings Ltd. has a one year low of $7.13 and a one year high of $21.12.
Textainer Group Holdings (NYSE:TGH) last announced 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. Textainer Group Holdings had a net margin of 5.08% and a return on equity of 3.16%. The company had revenue of $127.45 million for the quarter, compared to the consensus estimate of $125.61 million. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, analysts predict that Textainer Group Holdings Ltd. will post $0.32 earnings per share for the current year.
A number of equities research analysts have weighed in on TGH shares. Cowen and Company cut their price objective on shares of 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 cut shares of Textainer Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $13.33.
Textainer Group Holdings Company Profile
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.