Peloton Wealth Strategists trimmed its holdings in shares of Textainer Group Holdings Limited (NYSE:TGH) by 43.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,100 shares of the transportation company’s stock after selling 11,800 shares during the period. Peloton Wealth Strategists’ holdings in Textainer Group Holdings Limited were worth $219,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in Textainer Group Holdings Limited by 6.0% during the second quarter. Alliancebernstein L.P. now owns 22,900 shares of the transportation company’s stock worth $332,000 after buying an additional 1,300 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Textainer Group Holdings Limited by 168.0% during the second quarter. Wells Fargo & Company MN now owns 111,470 shares of the transportation company’s stock worth $1,616,000 after buying an additional 69,879 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in Textainer Group Holdings Limited by 7.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 158,320 shares of the transportation company’s stock worth $2,296,000 after buying an additional 10,800 shares in the last quarter. Royce & Associates LP boosted its holdings in Textainer Group Holdings Limited by 98.4% during the second quarter. Royce & Associates LP now owns 763,190 shares of the transportation company’s stock worth $11,066,000 after buying an additional 378,600 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in Textainer Group Holdings Limited by 20.8% during the second quarter. GHP Investment Advisors Inc. now owns 23,659 shares of the transportation company’s stock worth $343,000 after buying an additional 4,080 shares in the last quarter. Hedge funds and other institutional investors own 22.42% of the company’s stock.

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TGH has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Cowen and Company restated a “buy” rating and issued a $21.00 price target on shares of Textainer Group Holdings Limited in a research report on Tuesday, July 11th. SunTrust Banks, Inc. restated a “buy” rating and issued a $19.00 price target (up previously from $16.00) on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price target on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.75.

Shares of Textainer Group Holdings Limited (NYSE TGH) traded down 2.06% during midday trading on Tuesday, hitting $16.60. 148,061 shares of the company traded hands. Textainer Group Holdings Limited has a 12-month low of $6.90 and a 12-month high of $18.35. The stock’s market capitalization is $943.10 million. The stock’s 50-day moving average is $16.29 and its 200 day moving average is $14.36.

Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.03). The company had revenue of $119.25 million during the quarter, compared to analyst estimates of $120.62 million. Textainer Group Holdings Limited had a negative net margin of 13.12% and a negative return on equity of 6.45%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. On average, analysts expect that Textainer Group Holdings Limited will post $0.14 earnings per share for the current year.

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.

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

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