King Luther Capital Management Corp Sells 13,860 Shares of Textainer Group Holdings Limited (TGH)

King Luther Capital Management Corp cut its holdings in shares of Textainer Group Holdings Limited (NYSE:TGH) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,535 shares of the transportation company’s stock after selling 13,860 shares during the period. King Luther Capital Management Corp owned approximately 0.38% of Textainer Group worth $3,662,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC raised its holdings in shares of Textainer Group by 2.7% during the second quarter. Teachers Advisors LLC now owns 49,019 shares of the transportation company’s stock valued at $711,000 after acquiring an additional 1,296 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Textainer Group by 6.0% during the second quarter. Alliancebernstein L.P. now owns 22,900 shares of the transportation company’s stock valued at $332,000 after acquiring an additional 1,300 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Textainer Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 762,629 shares of the transportation company’s stock valued at $11,058,000 after acquiring an additional 2,492 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Textainer Group by 16.3% during the second quarter. The Manufacturers Life Insurance Company now owns 22,734 shares of the transportation company’s stock valued at $329,000 after acquiring an additional 3,185 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of Textainer Group by 7.6% during the second quarter. California State Teachers Retirement System now owns 48,062 shares of the transportation company’s stock valued at $697,000 after acquiring an additional 3,400 shares during the period. 24.48% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on TGH. Keefe, Bruyette & Woods restated a “hold” rating and set a $22.00 price target on shares of Textainer Group in a report on Sunday, November 19th. Zacks Investment Research upgraded shares of Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Thursday, November 16th. Wells Fargo & Company boosted their price target on shares of Textainer Group from $19.00 to $22.00 and gave the company a “market perform” rating in a report on Tuesday, November 14th. SunTrust Banks restated a “buy” rating and set a $25.00 price target on shares of Textainer Group in a report on Friday, November 10th. Finally, Cowen boosted their price target on shares of Textainer Group from $21.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Textainer Group presently has an average rating of “Buy” and a consensus price target of $24.40.

Textainer Group Holdings Limited (NYSE:TGH) traded down $0.40 during trading on Thursday, reaching $21.60. 218,900 shares of the company’s stock traded hands, compared to its average volume of 326,954. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.19. Textainer Group Holdings Limited has a 1 year low of $7.40 and a 1 year high of $24.10.

Textainer Group (NYSE:TGH) last released its quarterly earnings data on Thursday, November 9th. The transportation company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.19. The firm had revenue of $125.60 million for the quarter, compared to analyst estimates of $122.87 million. Textainer Group had a net margin of 0.38% and a negative return on equity of 0.44%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.92) EPS. equities research analysts forecast that Textainer Group Holdings Limited will post 0.33 earnings per share for the current year.

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About Textainer Group

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.

Institutional Ownership by Quarter for Textainer Group (NYSE:TGH)

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