Textainer Group Holdings Limited (NYSE:TGH) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,690,000 shares, an increase of 11.9% from the April 30th total of 1,510,000 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average daily volume of 377,100 shares, the days-to-cover ratio is presently 4.5 days.
A number of research firms have recently commented on TGH. TheStreet cut shares of Textainer Group from a “c” rating to a “d+” rating in a report on Monday, May 4th. ValuEngine cut shares of Textainer Group from a “sell” rating to a “strong sell” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $11.75.
Several large investors have recently bought and sold shares of TGH. Ninety One SA PTY Ltd purchased a new stake in shares of Textainer Group in the 1st quarter worth approximately $11,538,000. Cooper Creek Partners Management LLC purchased a new position in Textainer Group during the fourth quarter valued at approximately $3,817,000. State Street Corp raised its stake in Textainer Group by 65.9% in the fourth quarter. State Street Corp now owns 724,844 shares of the transportation company’s stock worth $7,763,000 after buying an additional 288,005 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Textainer Group by 16.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,033,788 shares of the transportation company’s stock worth $16,718,000 after buying an additional 282,470 shares during the period. Finally, Citigroup Inc. lifted its holdings in Textainer Group by 1,837.5% during the first quarter. Citigroup Inc. now owns 206,862 shares of the transportation company’s stock worth $1,700,000 after buying an additional 196,185 shares during the period. Institutional investors and hedge funds own 30.80% of the company’s stock.
Shares of TGH stock opened at $7.95 on Friday. Textainer Group has a twelve month low of $5.50 and a twelve month high of $11.75. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.73. The stock has a fifty day simple moving average of $8.01 and a two-hundred day simple moving average of $9.05. The stock has a market capitalization of $442.81 million, a price-to-earnings ratio of 13.03 and a beta of 1.66.
Textainer Group (NYSE:TGH) last released its quarterly earnings data on Monday, May 4th. The transportation company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. Textainer Group had a return on equity of 3.37% and a net margin of 5.82%. The firm had revenue of $145.48 million during the quarter.
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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