Published on 18 Sep 2023 on Insider Monkey via Yahoo Finance

Here’s Why Textainer Group Holdings Limited (TGH) Stock Price Climbed in Q2

ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Strategy” second quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy outperformed the Russell 2000 Index in the second quarter. On an absolute basis, the strategy gained all 11 sectors it invested in during the quarter. IT and industrial sectors were the leading contributors while energy and utility sectors detracted. Overall stock selection improved performance on a relative basis while sector allocation had a negative impact. In addition, please check the fund’s top five holdings to know its best picks in 2023.

ClearBridge Small Cap Strategy highlighted stocks like Textainer Group Holdings Limited (NYSE:TGH) in the second quarter 2023 investor letter. Headquartered in Hamilton, Bermuda, Textainer Group Holdings Limited (NYSE:TGH) engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers. On September 15, 2023, Textainer Group Holdings Limited (NYSE:TGH) stock closed at $38.84 per share. One-month return of Textainer Group Holdings Limited (NYSE:TGH) was -4.31%, and its shares gained 30.55% of their value over the last 52 weeks. Textainer Group Holdings Limited (NYSE:TGH) has a market capitalization of $1.606 billion.

ClearBridge Small Cap Strategy made the following comment about Textainer Group Holdings Limited (NYSE:TGH) in its Q2 2023 investor letter: