Short Interest Reporting: Time to Reconsider Textainer Group Holdings Limited (NYSE:TGH) After Less Short Sellers?

November 17, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Reporting: Time to Reconsider Textainer Group Holdings Limited (NYSE:TGH) After Less Short Sellers?

The stock of Textainer Group Holdings Limited (NYSE:TGH) registered a decrease of 7.98% in short interest. TGH’s total short interest was 1.18M shares in November as published by FINRA. Its down 7.98% from 1.28M shares, reported previously. With 300,400 shares average volume, it will take short sellers 4 days to cover their TGH’s short positions. The short interest to Textainer Group Holdings Limited’s float is 5.24%. About 55,325 shares traded hands. Textainer Group Holdings Limited (NYSE:TGH) has declined 37.03% since April 15, 2016 and is downtrending. It has underperformed by 41.66% the S&P500.

Textainer Group Holdings Limited is a holding company. The company has a market cap of $509.90 million. The Firm is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. It has a 20.28 P/E ratio. The Firm operates in three divisions: Container Ownership, which owned containers accounting for approximately 80% of the Company’s fleet; Container Management, which managed containers on behalf of approximately 10 affiliated and unaffiliated container investors, providing acquisition, management and disposal services, and total managed containers accounted for approximately 20% of its fleet, 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.

Textainer Group Holdings Limited (NYSE:TGH) Ratings Coverage

Out of 6 analysts covering Textainer Group Holdings Limited (NYSE:TGH), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. Textainer Group Holdings Limited has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Wednesday, August 5 by RBC Capital Markets. The rating was initiated by Keefe Bruyette & Woods with “Market Perform” on Friday, January 15. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, November 4. The firm has “Neutral” rating by Macquarie Research given on Wednesday, November 4. The rating was maintained by Cowen & Co on Tuesday, August 4 with “Market Perform”. The firm earned “Market Perform” rating on Friday, February 12 by Cowen & Co. RBC Capital Markets maintained it with “Sector Perform” rating and $7 target price in Friday, February 12 report. The stock has “Market Perform” rating given by Cowen & Co on Wednesday, November 4. The stock of Textainer Group Holdings Limited (NYSE:TGH) has “Market Perform” rating given on Wednesday, November 9 by Cowen & Co. The firm earned “Underperform” rating on Wednesday, August 5 by Macquarie Research.

TGH Company Profile

Textainer Group Holdings Limited (TGH), incorporated on December 2, 1993, is a holding company. The Firm is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Firm operates in three divisions: Container Ownership, which owned containers accounting for approximately 80% of the Company’s fleet; Container Management, which managed containers on behalf of approximately 10 affiliated and unaffiliated container investors, providing acquisition, management and disposal services, and total managed containers accounted for approximately 20% of its fleet, 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. The Firm is a lessor of intermodal containers based on fleet size, with a total fleet of approximately 2.1 million containers. The Firm leases containers to approximately 360 shipping lines and other lessees. The Firm is also a seller of used containers.

More notable recent Textainer Group Holdings Limited (NYSE:TGH) news were published by: Fool.com which released: “Key Customer Bankruptcy Sinks Textainer Group Holdings Limited’s Q3 Results” on November 08, 2016, also Fool.com with their article: “How Risky Is Textainer Group Holdings Ltd.?” published on September 20, 2016, Fool.com published: “Better Buy: Textainer Group Holdings Limited vs. Frontline Ltd.” on July 22, 2016. More interesting news about Textainer Group Holdings Limited (NYSE:TGH) were released by: Fool.com and their article: “Here’s Why Textainer Group Holdings Limited’s Stock Sank Another 13% in September” published on October 07, 2016 as well as Fool.com‘s news article titled: “This Is Why Textainer Group Holdings Limited’s Stock Crashed 22% in August” with publication date: September 06, 2016.

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By Dolores Ford


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