Rutabaga Capital Management LLC MA boosted its position in shares of Textainer Group Holdings Limited (NYSE:TGH) by 13.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,444,155 shares of the transportation company’s stock after acquiring an additional 169,800 shares during the quarter. Textainer Group Holdings Limited accounts for approximately 3.9% of Rutabaga Capital Management LLC MA’s investment portfolio, making the stock its 2nd biggest holding. Rutabaga Capital Management LLC MA owned approximately 2.54% of Textainer Group Holdings Limited worth $20,940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC raised its position in Textainer Group Holdings Limited by 7.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 158,320 shares of the transportation company’s stock worth $2,296,000 after acquiring an additional 10,800 shares in the last quarter. Royce & Associates LP raised its position in Textainer Group Holdings Limited by 98.4% during the second quarter. Royce & Associates LP now owns 763,190 shares of the transportation company’s stock worth $11,066,000 after acquiring an additional 378,600 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Textainer Group Holdings Limited during the first quarter worth $649,000. MARSHALL WACE ASIA Ltd bought a new stake in Textainer Group Holdings Limited during the first quarter worth $649,000. Finally, American International Group Inc. raised its position in Textainer Group Holdings Limited by 7.1% during the first quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock worth $214,000 after acquiring an additional 926 shares in the last quarter. 22.38% of the stock is currently owned by hedge funds and other institutional investors.

TGH has been the topic of several analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $21.00 price target on shares of Textainer Group Holdings Limited in a research report on Tuesday, September 19th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $20.00 price objective (up from $19.00) on shares of Textainer Group Holdings Limited in a research report on Tuesday, September 12th. Zacks Investment Research lowered shares of Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 price objective on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Textainer Group Holdings Limited currently has an average rating of “Buy” and an average price target of $19.25.

Shares of Textainer Group Holdings Limited (NYSE TGH) traded up 0.4273% during trading on Friday, hitting $18.0267. 46,687 shares of the stock traded hands. The stock has a 50 day moving average price of $17.05 and a 200-day moving average price of $14.76. The stock’s market cap is $1.02 billion. Textainer Group Holdings Limited has a 1-year low of $6.90 and a 1-year high of $18.60.

Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share 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 6.45% and a negative net margin of 13.12%. The company had revenue of $119.25 million during the quarter, compared to analysts’ expectations of $120.62 million. During the same period last year, the firm posted $0.04 earnings per share. Textainer Group Holdings Limited’s quarterly revenue was down 6.1% compared to the same quarter last year. Equities analysts forecast that Textainer Group Holdings Limited will post $0.14 EPS for the current year.

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Textainer Group Holdings Limited 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 Holdings Limited (NYSE:TGH)

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