Venor Capital Management LP lessened its position in WillScot Corp (NASDAQ:WSC) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,310,926 shares of the company’s stock after selling 99,428 shares during the quarter. WillScot makes up 19.0% of Venor Capital Management LP’s investment portfolio, making the stock its 3rd largest holding. Venor Capital Management LP owned approximately 2.73% of WillScot worth $31,544,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in WillScot during the 1st quarter worth $148,000. Scepter Holdings Inc. acquired a new position in WillScot during the 1st quarter worth $956,000. Clearline Capital LP acquired a new position in WillScot during the 1st quarter worth $1,928,000. Jane Street Group LLC acquired a new position in WillScot during the 1st quarter worth $332,000. Finally, Citadel Advisors LLC grew its stake in WillScot by 236.3% during the 1st quarter. Citadel Advisors LLC now owns 67,948 shares of the company’s stock worth $928,000 after purchasing an additional 47,746 shares in the last quarter. Hedge funds and other institutional investors own 39.79% of the company’s stock.
Several research firms recently commented on WSC. Zacks Investment Research raised WillScot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 19th. ValuEngine raised WillScot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Finally, SunTrust Banks began coverage on WillScot in a research note on Wednesday, April 11th. They set a “buy” rating and a $16.00 target price for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. WillScot has a consensus rating of “Buy” and a consensus target price of $15.33.
In other WillScot news, Director Mark S. Bartlett acquired 25,000 shares of the stock in a transaction dated Tuesday, May 8th. The stock was acquired at an average cost of $12.59 per share, with a total value of $314,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 66.27% of the company’s stock.
WillScot opened at $14.80 on Friday, according to Marketbeat.com. WillScot Corp has a 12 month low of $9.45 and a 12 month high of $15.60. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.39.
WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $134.75 million during the quarter, compared to analyst estimates of $132.49 million. equities analysts expect that WillScot Corp will post 0.11 EPS for the current fiscal year.
WillScot Company Profile
WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.
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