Stock Traders Buy High Volume of Call Options on Textainer Group (TGH)

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Textainer Group Holdings Limited (NYSE:TGH) saw unusually large options trading activity on Tuesday. Stock traders bought 1,146 call options on the company. This is an increase of 1,173% compared to the average daily volume of 90 call options.

Large investors have recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Textainer Group during the second quarter valued at approximately $122,000. Waratah Capital Advisors Ltd. acquired a new position in Textainer Group during the third quarter valued at approximately $178,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Textainer Group by 131.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,009 shares of the transportation company’s stock valued at $220,000 after purchasing an additional 7,400 shares during the period. Atria Investments LLC acquired a new position in Textainer Group during the second quarter valued at approximately $226,000. Finally, Putnam Investments LLC acquired a new position in Textainer Group during the second quarter valued at approximately $431,000. Institutional investors own 25.24% of the company’s stock.

Shares of NYSE:TGH opened at $12.17 on Wednesday. Textainer Group has a one year low of $10.58 and a one year high of $26.50. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 2.17. The company has a market cap of $665.18 million, a PE ratio of 29.68 and a beta of 2.57.

Textainer Group (NYSE:TGH) last issued its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Textainer Group had a net margin of 10.01% and a return on equity of 5.82%. The company had revenue of $149.40 million during the quarter, compared to analysts’ expectations of $145.54 million. During the same quarter in the previous year, the company earned $0.33 EPS. Textainer Group’s revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts forecast that Textainer Group will post 1.32 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Textainer Group from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, July 10th. ValuEngine downgraded shares of Textainer Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Cowen reduced their price objective on shares of Textainer Group from $26.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, August 8th. TheStreet raised shares of Textainer Group from a “d+” rating to a “c” rating in a report on Wednesday, August 8th. Finally, Wells Fargo & Co downgraded shares of Textainer Group from a “market perform” rating to an “underperform” rating and set a $11.00 price objective for the company. in a report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.33.

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About Textainer Group

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.

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