Textainer Group (NYSE:TGH) Shares Up 10.5%

Textainer Group Holdings Limited (NYSE:TGH) shot up 10.5% on Wednesday . The company traded as high as $11.05 and last traded at $10.86, 584,744 shares were traded during trading. An increase of 115% from the average session volume of 271,776 shares. The stock had previously closed at $9.83.

A number of research firms have weighed in on TGH. TheStreet upgraded Textainer Group from a “d+” rating to a “c” rating in a research report on Friday, November 1st. Cowen downgraded Textainer Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. ValuEngine upgraded Textainer Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price target on shares of Textainer Group in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, Textainer Group presently has a consensus rating of “Hold” and a consensus target price of $11.75.

The stock has a market cap of $610.49 million, a PE ratio of 14.67 and a beta of 2.29. The company has a fifty day moving average price of $10.26 and a 200 day moving average price of $9.60. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.75.

Textainer Group (NYSE:TGH) last released its quarterly earnings data on Tuesday, February 11th. The transportation company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $151.56 million for the quarter. Textainer Group had a return on equity of 4.50% and a net margin of 6.46%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Textainer Group in the fourth quarter worth about $118,000. Marshall Wace LLP increased its holdings in shares of Textainer Group by 647.4% in the fourth quarter. Marshall Wace LLP now owns 60,215 shares of the transportation company’s stock worth $645,000 after buying an additional 52,158 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Textainer Group by 54.0% in the fourth quarter. Bank of New York Mellon Corp now owns 150,269 shares of the transportation company’s stock worth $1,610,000 after buying an additional 52,713 shares during the period. UBS Group AG increased its holdings in shares of Textainer Group by 233.2% in the fourth quarter. UBS Group AG now owns 74,024 shares of the transportation company’s stock worth $793,000 after buying an additional 51,808 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Textainer Group by 5.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,751,318 shares of the transportation company’s stock worth $18,757,000 after buying an additional 88,261 shares during the period. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Textainer Group Company Profile (NYSE:TGH)

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.

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