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

A number of equities research analysts have recently commented on TGH shares. ValuEngine upgraded shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Textainer Group Holdings Limited in a research report on Monday, May 15th. Cowen and Company reduced their target price on shares of Textainer Group Holdings Limited from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. Finally, Zacks Investment Research cut shares of Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Textainer Group Holdings Limited currently has a consensus rating of “Hold” and an average price target of $18.75.

The stock’s market capitalization is $994.23 million. The stock has a 50 day moving average of $16.12 and a 200-day moving average of $14.37.

Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by $0.03. Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The business had revenue of $119.25 million during the quarter, compared to analysts’ expectations of $120.62 million. During the same quarter in the prior year, the firm 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 analysts predict that Textainer Group Holdings Limited will post $0.14 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Rutabaga Capital Management LLC MA raised its stake in Textainer Group Holdings Limited by 13.3% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,444,155 shares of the transportation company’s stock valued at $20,940,000 after purchasing an additional 169,800 shares during the last quarter. California State Teachers Retirement System raised its stake in Textainer Group Holdings Limited 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 during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Textainer Group Holdings Limited in the 2nd quarter valued at about $968,000. The Manufacturers Life Insurance Company raised its stake in Textainer Group Holdings Limited 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 during the last quarter. Finally, State Street Corp raised its stake in Textainer Group Holdings Limited by 6.0% in the 2nd quarter. State Street Corp now owns 431,424 shares of the transportation company’s stock valued at $6,259,000 after purchasing an additional 24,370 shares during the last quarter. 22.42% of the stock is owned by hedge funds and other 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.

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