Auxier Asset Management lessened its holdings in Textainer Group Holdings Limited (NYSE:TGH) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,900 shares of the transportation company’s stock after selling 3,400 shares during the quarter. Auxier Asset Management owned approximately 0.16% of Textainer Group worth $1,593,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in Textainer Group during the 3rd quarter worth approximately $190,000. Voya Investment Management LLC bought a new position in Textainer Group during the 2nd quarter worth approximately $170,000. Tudor Investment Corp ET AL bought a new position in Textainer Group during the 2nd quarter worth approximately $202,000. Meridian Investment Counsel Inc. raised its holdings in Textainer Group by 26.7% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 16,600 shares of the transportation company’s stock worth $241,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in Textainer Group during the 1st quarter worth approximately $255,000. Institutional investors and hedge funds own 24.48% of the company’s stock.
Several research analysts have issued reports on the stock. ValuEngine upgraded shares of Textainer Group from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded shares of Textainer Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 price target on shares of Textainer Group in a report on Thursday, August 10th. SunTrust Banks restated a “buy” rating and set a $25.00 price target on shares of Textainer Group in a report on Friday, November 10th. Finally, Cowen restated a “buy” rating and set a $21.00 price target on shares of Textainer Group in a report on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $24.40.
Textainer Group (NYSE:TGH) last announced its quarterly earnings data on Thursday, November 9th. The transportation company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.14 by $0.19. The company had revenue of $125.60 million during the quarter, compared to the consensus estimate of $122.87 million. Textainer Group had a net margin of 0.38% and a negative return on equity of 0.44%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.92) EPS. sell-side analysts expect that Textainer Group Holdings Limited will post 0.33 earnings per share for the current fiscal year.
About Textainer Group
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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