Textainer Group Holdings Limited (TGH) Stake Lessened by Millennium Management LLC

Millennium Management LLC cut its holdings in Textainer Group Holdings Limited (NYSE:TGH) by 60.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,853 shares of the transportation company’s stock after selling 24,009 shares during the period. Millennium Management LLC’s holdings in Textainer Group were worth $158,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Textainer Group by 217.5% during the third quarter. Wells Fargo & Company MN now owns 57,127 shares of the transportation company’s stock valued at $731,000 after acquiring an additional 39,137 shares during the period. BlackRock Inc. boosted its holdings in shares of Textainer Group by 1.0% during the third quarter. BlackRock Inc. now owns 1,326,334 shares of the transportation company’s stock valued at $16,977,000 after acquiring an additional 13,653 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Textainer Group by 12.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,270,964 shares of the transportation company’s stock valued at $16,269,000 after acquiring an additional 139,957 shares during the period. Vanguard Group Inc boosted its holdings in shares of Textainer Group by 0.7% during the third quarter. Vanguard Group Inc now owns 241,273 shares of the transportation company’s stock valued at $3,088,000 after acquiring an additional 1,589 shares during the period. Finally, Grace & White Inc. NY boosted its holdings in shares of Textainer Group by 44.5% during the fourth quarter. Grace & White Inc. NY now owns 361,100 shares of the transportation company’s stock valued at $3,596,000 after acquiring an additional 111,286 shares during the period. 25.40% of the stock is owned by institutional investors.

TGH has been the subject of several analyst reports. Zacks Investment Research raised shares of Textainer Group from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Thursday, February 7th. ValuEngine downgraded shares of Textainer Group from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.33.

Shares of TGH opened at $10.65 on Thursday. Textainer Group Holdings Limited has a 1 year low of $9.10 and a 1 year high of $18.45. The firm has a market cap of $584.33 million, a PE ratio of 11.83 and a beta of 2.38. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.18 and a quick ratio of 1.18.

Textainer Group (NYSE:TGH) last announced its quarterly earnings results on Thursday, May 9th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.11. Textainer Group had a net margin of 8.08% and a return on equity of 5.94%. The company had revenue of $155.53 million during the quarter, compared to the consensus estimate of $157.09 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts anticipate that Textainer Group Holdings Limited will post 1.3 earnings per share for the current year.

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Textainer Group Profile

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

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