Textainer Group Target of Unusually Large Options Trading (TGH)

Textainer Group Holdings (NYSE:TGH) was the target of unusually large options trading on Thursday. Stock investors bought 846 put options on the stock. This is an increase of approximately 1,467% compared to the typical daily volume of 54 put options.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Glenmede Trust Co. NA bought a new position in shares of Textainer Group in the 4th quarter valued at about $11,671,000. Brightline Capital Management LLC bought a new position in shares of Textainer Group in the 4th quarter valued at about $5,268,000. Dimensional Fund Advisors LP grew its holdings in shares of Textainer Group by 29.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 941,554 shares of the transportation company’s stock valued at $15,959,000 after acquiring an additional 212,124 shares in the last quarter. Bogle Investment Management L P DE bought a new position in shares of Textainer Group in the 4th quarter valued at about $2,446,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Textainer Group in the 4th quarter valued at about $2,279,000. Institutional investors own 26.42% of the company’s stock.

TGH opened at $17.90 on Friday. Textainer Group has a 1 year low of $17.00 and a 1 year high of $17.30. The stock has a market capitalization of $990.64 million, a price-to-earnings ratio of 19.94 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.91 and a current ratio of 0.91.

Textainer Group (NYSE:TGH) last released its quarterly earnings results on Tuesday, May 8th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). Textainer Group had a net margin of 8.88% and a return on equity of 4.10%. The firm had revenue of $133.20 million during the quarter, compared to analyst estimates of $131.84 million. During the same period in the prior year, the business earned ($0.16) EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. analysts expect that Textainer Group will post 1.34 EPS for the current fiscal year.

Several analysts have issued reports on TGH shares. Zacks Investment Research raised Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Saturday, January 20th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $21.00 price target on shares of Textainer Group in a research note on Friday, February 16th. TheStreet downgraded Textainer Group from a “c-” rating to a “d+” rating in a research note on Tuesday, February 20th. Compass Point started coverage on Textainer Group in a research note on Monday, April 23rd. They issued a “neutral” rating and a $17.00 price target on the stock. Finally, ValuEngine raised Textainer Group from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.00.

About Textainer Group

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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