Stock traders buy high volume of Textainer Group call options (NYSE: TGH)

Textainer Group Holdings Limited (NYSE:TGH) was the recipient of unusually heavy options trading activity on Monday. Traders bought 5,299 call options on the stock. This is a 473% increase from the typical volume of 925 call options.

A number of research analysts have published reports on the stock. In a report released Friday, Jan. 7, Zacks Investment Research upgraded Textainer Group shares from a “strong buy” rating to a “hold” rating. B. Riley raised his price target on Textainer Group shares from $42.00 to $50.00 and gave the company a “buy” rating in a Friday, Nov. 5, report. Finally, TheStreet upgraded the shares of Textainer Group from a “b-” rating to a “c+” rating in a Monday, November 22 report.

Several hedge funds have recently changed their holdings in TGH. Penserra Capital Management LLC bought a new stock position in Textainer Group in Q2 worth $136,000. Lazard Asset Management LLC bought a new stock position in Textainer Group in Q2 worth $78,000. Trexquant Investment LP bought a new stock position in Textainer Group in Q2 worth $273,000. Vanguard Group Inc. increased its stake in Textainer Group shares by 70.1% in the 2nd quarter. Vanguard Group Inc. now owns 322,367 shares of the transportation company valued at $10,886,000 after acquiring an additional 132,818 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in Textainer Group by 28.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 35,237 shares of the transport company worth $1,190,000 after buying an additional 7,753 shares during the period. 38.95% of the shares are currently held by institutional investors and hedge funds.

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NYSE TGH traded at $0.62 midday on Monday, hitting $38.53. 18,634 shares were traded, against an average volume of 363,038. Textainer Group has a 1-year low of $19.05 and a 1-year high of $41.24. The company’s 50-day simple moving average is $36.12 and its 200-day simple moving average is $35.39. The stock has a market capitalization of $1.91 billion, a PE ratio of 7.98 and a beta of 1.30. The company has a debt ratio of 3.35, a quick ratio of 0.82 and a current ratio of 0.82.

Textainer Group (NYSE:TGH) last released its quarterly results on Thursday, November 4. The transportation company reported earnings per share of $1.52 for the quarter, beating the Zacks consensus estimate of $1.19 by $0.33. The company posted revenue of $195.83 million for the quarter, versus a consensus estimate of $193.43 million. Textainer Group achieved a net margin of 35.11% and a return on equity of 19.02%. In the same quarter last year, the company posted earnings per share of $0.41. On average, analysts expect Textainer Group to post 5.4 EPS for the current year.

Textainer Group Company Profile

Textainer Group Holdings Ltd. deals with the purchase, management, rental and resale of a fleet of ocean freight containers. It operates through the following segments: container ownership, container management and container resale. The container ownership segment mainly consists of standard dry cargo containers and also includes special purpose containers.

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