BNP Paribas Arbitrage SA Acquires 11,442 Shares of Textainer Group Holdings Limited (NYSE:TGH)

BNP Paribas Arbitrage SA lifted its holdings in shares of Textainer Group Holdings Limited (NYSE:TGH) by 98.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,094 shares of the transportation company’s stock after acquiring an additional 11,442 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Textainer Group were worth $662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Portformulas Corp bought a new stake in Textainer Group in the 1st quarter valued at $75,000. Los Angeles Capital Management LLC boosted its stake in Textainer Group by 1.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 56,770 shares of the transportation company’s stock valued at $1,626,000 after purchasing an additional 790 shares during the period. Commonwealth Equity Services LLC bought a new stake in Textainer Group in the 1st quarter valued at $212,000. Victory Capital Management Inc. bought a new stake in Textainer Group in the 1st quarter valued at $223,000. Finally, LSV Asset Management bought a new stake in Textainer Group in the 1st quarter valued at $1,455,000. Institutional investors own 43.19% of the company’s stock.

NYSE:TGH opened at $30.89 on Friday. The firm’s fifty day moving average is $28.54. The company has a market cap of $1.56 billion, a P/E ratio of 11.40 and a beta of 1.43. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 3.01. Textainer Group Holdings Limited has a fifty-two week low of $7.60 and a fifty-two week high of $35.27.

Textainer Group (NYSE:TGH) last posted its quarterly earnings results on Tuesday, May 11th. The transportation company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. Textainer Group had a return on equity of 10.69% and a net margin of 22.29%. On average, analysts expect that Textainer Group Holdings Limited will post 4.84 EPS for the current fiscal year.

Several research firms recently issued reports on TGH. Zacks Investment Research upgraded Textainer Group from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Saturday, May 15th. B. Riley upped their target price on Textainer Group from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, March 26th. They noted that the move was a valuation call.

Textainer Group Profile

Textainer Group Holdings Ltd. engages in the purchase, management, leasing, and resale of a fleet of marine cargo containers. It operates through the following segments: Container Ownership, Container Management, and Container Resale. The Container Ownership segment consists primarily of standard dry freight containers and also includes special-purpose containers.

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

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