AMI Asset Management Corp purchased a new stake in shares of Mobile Mini Inc (NASDAQ:MINI) in the fourth quarter, Holdings Channel reports. The firm purchased 193,324 shares of the industrial products company’s stock, valued at approximately $7,329,000.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in Mobile Mini by 11.7% in the second quarter. BlackRock Inc. now owns 7,284,309 shares of the industrial products company’s stock valued at $221,662,000 after acquiring an additional 763,119 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Mobile Mini by 565.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,662 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 2,262 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Mobile Mini by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,907,610 shares of the industrial products company’s stock worth $149,339,000 after purchasing an additional 100,889 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Mobile Mini by 0.4% in the 2nd quarter. Invesco Ltd. now owns 669,644 shares of the industrial products company’s stock worth $20,377,000 after purchasing an additional 2,699 shares during the period. Finally, Balyasny Asset Management LLC bought a new stake in shares of Mobile Mini in the 2nd quarter worth approximately $771,000. Institutional investors and hedge funds own 93.32% of the company’s stock.
Several brokerages have weighed in on MINI. TheStreet raised Mobile Mini from a “c+” rating to a “b” rating in a report on Thursday, October 31st. BidaskClub raised Mobile Mini from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Oppenheimer set a $42.00 target price on Mobile Mini and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.60.
Shares of NASDAQ:MINI opened at $39.68 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of 25.77, a P/E/G ratio of 1.27 and a beta of 1.57. The company has a quick ratio of 0.15, a current ratio of 0.16 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $38.52 and a two-hundred day moving average price of $35.74. Mobile Mini Inc has a twelve month low of $29.02 and a twelve month high of $40.51.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. The company had revenue of $153.52 million for the quarter, compared to analyst estimates of $158.14 million. Mobile Mini had a net margin of 11.23% and a return on equity of 10.31%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Analysts anticipate that Mobile Mini Inc will post 1.92 earnings per share for the current fiscal year.
Mobile Mini Company Profile
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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