Brightline Capital Management LLC Invests $5.27 Million in Textainer Group Holdings Limited (TGH)

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.

A number of analysts have recently commented on TGH shares. SunTrust Banks reissued a “buy” rating and issued a $25.00 price target on shares of Textainer Group in a research report on Friday, November 10th. Zacks Investment Research raised Textainer Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $22.00 price target on shares of Textainer Group in a research report on Sunday, November 19th. Wells Fargo & Co boosted their price target on Textainer Group from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, Cowen boosted their price target on Textainer Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $24.40.

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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.

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

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