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.
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.
ILLEGAL ACTIVITY WARNING: “Stock Traders Buy High Volume of Call Options on Textainer Group (TGH)” was first posted by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://weekherald.com/2018/11/07/stock-traders-buy-high-volume-of-call-options-on-textainer-group-tgh.html.
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.
Read More: What Factors Can Affect Return on Equity?
Receive News & Ratings for Textainer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textainer Group and related companies with MarketBeat.com's FREE daily email newsletter.