Bank of America Corp DE lowered its position in shares of Mobile Mini Inc (NASDAQ:MINI) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,147 shares of the industrial products company’s stock after selling 63,343 shares during the quarter. Bank of America Corp DE owned 0.62% of Mobile Mini worth $8,736,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in Mobile Mini by 3.3% during the third quarter. Wells Fargo & Company MN now owns 118,200 shares of the industrial products company’s stock worth $5,183,000 after purchasing an additional 3,775 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Mobile Mini by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 743,063 shares of the industrial products company’s stock valued at $32,584,000 after acquiring an additional 25,408 shares in the last quarter. BlackRock Inc. raised its stake in shares of Mobile Mini by 2.7% in the third quarter. BlackRock Inc. now owns 6,466,128 shares of the industrial products company’s stock valued at $283,539,000 after acquiring an additional 168,061 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Mobile Mini by 362.0% in the third quarter. Citadel Advisors LLC now owns 19,389 shares of the industrial products company’s stock valued at $850,000 after acquiring an additional 26,789 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Mobile Mini in the third quarter valued at $219,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.
Shares of NASDAQ MINI opened at $33.50 on Tuesday. Mobile Mini Inc has a 12-month low of $29.46 and a 12-month high of $50.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.19 and a current ratio of 0.21. The firm has a market capitalization of $1.52 billion, a PE ratio of 20.43, a P/E/G ratio of 1.24 and a beta of 1.75.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Friday, February 1st. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). Mobile Mini had a negative net margin of 1.36% and a positive return on equity of 8.74%. The business had revenue of $160.90 million during the quarter, compared to analyst estimates of $155.55 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts anticipate that Mobile Mini Inc will post 1.96 earnings per share for the current year.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Mobile Mini from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. BidaskClub cut Mobile Mini from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.33.
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About Mobile Mini
Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.
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