Textainer Group Holdings Limited (NYSE:TGH) shares reached a new 52-week high on Tuesday . The stock traded as high as $18.30 and last traded at $18.15, with a volume of 410,438 shares traded. The stock had previously closed at $17.95.

TGH has been the subject of a number of research analyst reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $19.00 target price (up from $16.00) on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.00 target price on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. ValuEngine raised Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two research 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. The stock presently has a consensus rating of “Hold” and an average target price of $18.75.

The stock’s market capitalization is $1.02 billion. The company’s 50 day moving average price is $15.88 and its 200 day moving average price is $14.38.

Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.03. Textainer Group Holdings Limited had a negative return on equity of 3.36% and a negative net margin of 7.96%. The company had revenue of $119.25 million during the quarter, compared to the consensus estimate of $120.62 million. During the same period in the previous year, the company earned $0.04 earnings per share. Textainer Group Holdings Limited’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Textainer Group Holdings Limited will post $0.14 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in TGH. Rutabaga Capital Management LLC MA bought a new position in Textainer Group Holdings Limited in the first quarter worth about $19,498,000. Royce & Associates LP bought a new position in Textainer Group Holdings Limited in the first quarter worth about $5,884,000. Prudential PLC bought a new position in Textainer Group Holdings Limited in the second quarter worth about $4,671,000. Ameriprise Financial Inc. raised its stake in Textainer Group Holdings Limited by 71.9% in the second quarter. Ameriprise Financial Inc. now owns 583,916 shares of the transportation company’s stock worth $8,467,000 after buying an additional 244,167 shares in the last quarter. Finally, King Luther Capital Management Corp bought a new position in Textainer Group Holdings Limited in the first quarter worth about $3,632,000. 22.42% of the stock is owned by institutional investors.

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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.