Renaissance Technologies LLC reduced its position in shares of Textainer Group Holdings Limited (NYSE:TGH) by 81.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,800 shares of the transportation company’s stock after selling 178,300 shares during the period. Renaissance Technologies LLC owned about 0.07% of Textainer Group Holdings Limited worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American International Group Inc. boosted its position in Textainer Group Holdings Limited by 7.1% in the first quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock worth $214,000 after buying an additional 926 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in Textainer Group Holdings Limited by 23.0% in the first quarter. GHP Investment Advisors Inc. now owns 19,579 shares of the transportation company’s stock worth $300,000 after buying an additional 3,665 shares during the last quarter. Alliancebernstein L.P. boosted its position in Textainer Group Holdings Limited by 14.9% in the first quarter. Alliancebernstein L.P. now owns 21,600 shares of the transportation company’s stock worth $330,000 after buying an additional 2,800 shares during the last quarter. California Public Employees Retirement System boosted its position in Textainer Group Holdings Limited by 22.0% in the first quarter. California Public Employees Retirement System now owns 36,100 shares of the transportation company’s stock worth $552,000 after buying an additional 6,500 shares during the last quarter. Finally, Bogle Investment Management L P DE purchased a new position in Textainer Group Holdings Limited during the first quarter worth $657,000. 22.42% of the stock is owned by institutional investors.

Textainer Group Holdings Limited (NYSE:TGH) traded up 1.2991% during mid-day trading on Wednesday, hitting $16.8663. 29,510 shares of the stock were exchanged. The company’s market cap is $958.23 million. Textainer Group Holdings Limited has a one year low of $6.90 and a one year high of $17.60. The company has a 50-day moving average price of $15.47 and a 200-day moving average price of $14.26.

Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.03. Textainer Group Holdings Limited had a negative net margin of 13.12% and a negative return on equity of 6.45%. The business had revenue of $119.25 million during the quarter, compared to analyst estimates of $120.62 million. During the same period in the previous year, the company posted $0.04 earnings per share. Textainer Group Holdings Limited’s revenue was down 6.1% compared to the same quarter last year. Analysts forecast that Textainer Group Holdings Limited will post $0.14 earnings per share for the current fiscal year.

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A number of research firms have weighed in on TGH. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $19.00 price objective (up previously from $16.00) on shares of Textainer Group Holdings Limited in a report on Thursday, August 10th. BidaskClub raised shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Textainer Group Holdings Limited in a report on Thursday, August 10th. ValuEngine raised shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Zacks Investment Research cut shares of Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.75.

About Textainer Group Holdings Limited

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 Holdings Limited (NYSE:TGH)

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