Brightline Capital Management LLC bought a new position in shares of Textainer Group Holdings Limited (NYSE:TGH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 245,000 shares of the transportation company’s stock, valued at approximately $5,268,000. Textainer Group accounts for 4.7% of Brightline Capital Management LLC’s portfolio, making the stock its 10th largest position. Brightline Capital Management LLC owned about 0.43% of Textainer Group at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of TGH. Voya Investment Management LLC purchased a new position in shares of Textainer Group during the 2nd quarter worth approximately $170,000. SG Americas Securities LLC purchased a new position in shares of Textainer Group during the 4th quarter worth approximately $186,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Textainer Group during the 3rd quarter worth approximately $190,000. Atria Investments LLC purchased a new position in shares of Textainer Group during the 4th quarter worth approximately $200,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Textainer Group during the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 25.01% of the company’s stock.
Shares of Textainer Group Holdings Limited (NYSE TGH) opened at $22.85 on Thursday. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.85 and a quick ratio of 0.85. Textainer Group Holdings Limited has a 12-month low of $9.60 and a 12-month high of $26.50. The company has a market capitalization of $1,278.93, a P/E ratio of 761.92, a PEG ratio of 1.44 and a beta of 2.32.
Textainer Group Company Profile
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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