Massachusetts Financial Services Co. MA Has $16.48 Million Stock Holdings in Textainer Group Holdings Limited (NYSE:TGH)

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Massachusetts Financial Services Co. MA boosted its holdings in shares of Textainer Group Holdings Limited (NYSE:TGH) by 15.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,663,057 shares of the transportation company’s stock after buying an additional 228,282 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Textainer Group were worth $16,481,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Textainer Group by 24.3% during the second quarter. JPMorgan Chase & Co. now owns 10,535 shares of the transportation company’s stock valued at $102,000 after buying an additional 2,061 shares during the period. M&T Bank Corp acquired a new position in Textainer Group in the 2nd quarter worth about $105,000. Jefferies Group LLC acquired a new position in Textainer Group in the 2nd quarter worth about $137,000. Atria Investments LLC increased its position in Textainer Group by 31.0% in the 2nd quarter. Atria Investments LLC now owns 28,901 shares of the transportation company’s stock worth $190,000 after purchasing an additional 6,834 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Textainer Group in the 3rd quarter worth about $225,000. 24.04% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on TGH. Zacks Investment Research lowered Textainer Group from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Cowen lowered Textainer Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 target price on shares of Textainer Group in a research report on Friday, November 1st. ValuEngine raised Textainer Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, TheStreet raised Textainer Group from a “d+” rating to a “c” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.75.

TGH opened at $9.11 on Monday. The company has a market cap of $526.37 million, a PE ratio of 10.12 and a beta of 2.27. The stock has a 50-day moving average of $9.81 and a 200-day moving average of $9.50. Textainer Group Holdings Limited has a 52-week low of $6.40 and a 52-week high of $14.17. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.22 and a current ratio of 1.22.

Textainer Group (NYSE:TGH) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.10). The company had revenue of $154.67 million for the quarter, compared to the consensus estimate of $166.70 million. Textainer Group had a return on equity of 4.50% and a net margin of 6.46%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. On average, research analysts predict that Textainer Group Holdings Limited will post 0.97 earnings per share for the current year.

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.

Further Reading: The risks of owning bonds

Want to see what other hedge funds are holding TGH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Textainer Group Holdings Limited (NYSE:TGH).

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

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