Textainer Group Holdings Limited (NYSE:TGH – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $49.75 and last traded at $49.71, with a volume of 178946 shares. The stock had previously closed at $49.65.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Textainer Group in a research note on Monday. They issued a “hold” rating on the stock. B. Riley downgraded Textainer Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $50.00 in a report on Monday, October 23rd.
Textainer Group Trading Up 0.1 %
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in TGH. Allspring Global Investments Holdings LLC acquired a new position in Textainer Group during the 3rd quarter valued at approximately $33,000. NBC Securities Inc. acquired a new stake in shares of Textainer Group during the third quarter worth $42,000. Adirondack Trust Co. acquired a new stake in shares of Textainer Group during the third quarter worth $48,000. Point72 Hong Kong Ltd acquired a new stake in shares of Textainer Group during the first quarter worth $53,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Textainer Group by 115.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,028 shares of the transportation company’s stock worth $81,000 after purchasing an additional 1,622 shares during the period. Institutional investors and hedge funds own 44.28% of the company’s stock.
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'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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