Textainer Group Holdings Limited (NYSE:TGH) posted its quarterly earnings results on Tuesday. The transportation company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.03, Bloomberg Earnings reports. Textainer Group Holdings Limited had a negative return on equity of 6.01% and a negative net margin of 11.27%.

Textainer Group Holdings Limited (TGH) traded down 2.545% during trading on Tuesday, reaching $16.275. 288,698 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $14.44 and a 200-day moving average price of $13.89. Textainer Group Holdings Limited has a 12 month low of $6.90 and a 12 month high of $17.60. The firm’s market cap is $924.32 million.

A number of research firms have recently weighed in on TGH. ValuEngine raised shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub raised shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Textainer Group Holdings Limited in a research note on Monday, May 15th. Cowen and Company dropped their price target on shares of Textainer Group Holdings Limited from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, May 15th. Finally, Zacks Investment Research downgraded shares of Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Textainer Group Holdings Limited has an average rating of “Hold” and an average price target of $18.67.

A number of large investors have recently modified their holdings of TGH. State Street Corp raised its stake in shares of Textainer Group Holdings Limited by 17.2% in the fourth quarter. State Street Corp now owns 406,172 shares of the transportation company’s stock valued at $3,026,000 after buying an additional 59,500 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Textainer Group Holdings Limited during the fourth quarter valued at about $516,000. Fox Run Management L.L.C. acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at about $213,000. Norges Bank acquired a new stake in shares of Textainer Group Holdings Limited during the fourth quarter valued at about $1,207,000. Finally, Rutabaga Capital Management LLC MA acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at about $19,498,000. Hedge funds and other institutional investors own 21.59% of the company’s stock.

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About Textainer Group Holdings Limited

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.

Earnings History for Textainer Group Holdings Limited (NYSE:TGH)

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