Quantbot Technologies LP Lowers Position in Textainer Group Holdings Limited (NYSE:TGH)

Quantbot Technologies LP cut its holdings in Textainer Group Holdings Limited (NYSE:TGHFree Report) by 67.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,172 shares of the transportation company’s stock after selling 16,876 shares during the quarter. Quantbot Technologies LP’s holdings in Textainer Group were worth $304,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Textainer Group in the third quarter worth about $33,000. NBC Securities Inc. purchased a new stake in Textainer Group in the third quarter worth about $42,000. Adirondack Trust Co. purchased a new stake in Textainer Group in the third quarter worth about $48,000. Point72 Hong Kong Ltd purchased a new stake in Textainer Group in the first quarter worth about $53,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Textainer Group by 115.4% in the third quarter. Public Employees Retirement System of Ohio now owns 3,028 shares of the transportation company’s stock worth $81,000 after acquiring an additional 1,622 shares during the period. 44.28% of the stock is owned by hedge funds and other institutional investors.

Textainer Group Stock Performance

TGH stock opened at $49.70 on Friday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 10.21 and a beta of 1.00. The firm has a 50-day simple moving average of $49.42 and a two-hundred day simple moving average of $44.74. Textainer Group Holdings Limited has a one year low of $30.22 and a one year high of $49.75. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TGH shares. B. Riley lowered shares of Textainer Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $50.00 in a research note on Monday, October 23rd. StockNews.com began coverage on shares of Textainer Group in a research report on Monday, February 5th. They set a “hold” rating for the company.

Read Our Latest Stock Analysis on TGH

About Textainer Group

(Free Report)

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's containers include standard and specialized dry freight, and refrigerated containers, as well as other special-purpose containers, which include tank, 45', pallet-wide, and other types of containers.

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

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