93,075 Shares in Textainer Group Holdings Limited (TGH) Acquired by Algert Global LLC

Algert Global LLC acquired a new stake in Textainer Group Holdings Limited (NYSE:TGH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 93,075 shares of the transportation company’s stock, valued at approximately $2,001,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its stake in shares of Textainer Group by 2.7% in the 2nd quarter. Teachers Advisors LLC now owns 49,019 shares of the transportation company’s stock valued at $711,000 after purchasing an additional 1,296 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Textainer Group by 6.0% in the 2nd quarter. Alliancebernstein L.P. now owns 22,900 shares of the transportation company’s stock valued at $332,000 after purchasing an additional 1,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Textainer Group by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 762,629 shares of the transportation company’s stock valued at $11,058,000 after purchasing an additional 2,492 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Textainer Group by 16.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,734 shares of the transportation company’s stock valued at $329,000 after purchasing an additional 3,185 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of Textainer Group by 7.6% in the 2nd quarter. California State Teachers Retirement System now owns 48,062 shares of the transportation company’s stock valued at $697,000 after purchasing an additional 3,400 shares in the last quarter. 24.59% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on TGH shares. Cowen boosted their price target on Textainer Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Zacks Investment Research raised Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research report on Thursday, November 16th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $22.00 price target on shares of Textainer Group in a research report on Sunday, November 19th. Wells Fargo & Co boosted their price target on Textainer Group from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, SunTrust Banks reissued a “buy” rating and set a $25.00 price target on shares of Textainer Group in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Textainer Group has an average rating of “Buy” and a consensus price target of $24.40.

Textainer Group Holdings Limited (TGH) opened at $22.90 on Friday. Textainer Group Holdings Limited has a 52-week low of $9.60 and a 52-week high of $26.50. The stock has a market capitalization of $1,300.00, a P/E ratio of 763.33, a price-to-earnings-growth ratio of 1.57 and a beta of 2.31. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.85 and a quick ratio of 0.85.

Textainer Group (NYSE:TGH) last announced its earnings results on Thursday, November 9th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.19. Textainer Group had a negative return on equity of 0.44% and a net margin of 0.38%. The company had revenue of $125.60 million for the quarter, compared to analyst estimates of $122.87 million. During the same period in the prior year, the company posted ($0.92) EPS. Textainer Group’s quarterly revenue was up 4.3% on a year-over-year basis. equities research analysts anticipate that Textainer Group Holdings Limited will post 0.34 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Textainer Group (NYSE:TGH)

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