Pacific Ridge Capital Partners LLC Has $1.64 Million Position in Textainer Group Holdings Limited (TGH)

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Pacific Ridge Capital Partners LLC increased its holdings in Textainer Group Holdings Limited (NYSE:TGH) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,210 shares of the transportation company’s stock after purchasing an additional 10,090 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 0.22% of Textainer Group worth $1,641,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TGH. Massachusetts Financial Services Co. MA grew its stake in shares of Textainer Group by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 559,576 shares of the transportation company’s stock worth $8,897,000 after purchasing an additional 48,726 shares during the last quarter. Strs Ohio grew its stake in shares of Textainer Group by 9.8% in the second quarter. Strs Ohio now owns 43,900 shares of the transportation company’s stock worth $698,000 after purchasing an additional 3,900 shares during the last quarter. Rutabaga Capital Management LLC MA grew its stake in shares of Textainer Group by 21.3% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,044,128 shares of the transportation company’s stock worth $16,602,000 after purchasing an additional 183,018 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Textainer Group by 75.9% in the second quarter. Meridian Investment Counsel Inc. now owns 29,200 shares of the transportation company’s stock worth $464,000 after purchasing an additional 12,600 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Textainer Group during the second quarter valued at $122,000. 24.54% of the stock is currently owned by institutional investors.

Shares of TGH opened at $10.48 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.39. The firm has a market cap of $610.94 million, a price-to-earnings ratio of 8.49 and a beta of 2.56. Textainer Group Holdings Limited has a 12 month low of $10.31 and a 12 month high of $26.50.

Textainer Group (NYSE:TGH) last issued its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. The business had revenue of $149.40 million for the quarter, compared to analysts’ expectations of $145.54 million. Textainer Group had a net margin of 10.01% and a return on equity of 5.79%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. As a group, sell-side analysts predict that Textainer Group Holdings Limited will post 1.04 EPS for the current year.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of Textainer Group from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, August 10th. TheStreet cut shares of Textainer Group from a “c” rating to a “d+” rating in a research report on Friday, November 2nd. Cowen reaffirmed an “outperform” rating and set a $20.00 price target (down previously from $22.00) on shares of Textainer Group in a research report on Monday, November 5th. Finally, Wells Fargo & Co cut shares of Textainer Group from a “market perform” rating to an “underperform” rating and set a $11.00 price target on the stock. in a research report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.00.

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Textainer Group Company 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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