Advisor Group Holdings Inc. Buys Shares of 2,786 Mobile Mini Inc (NASDAQ:MINI)

Advisor Group Holdings Inc. bought a new stake in Mobile Mini Inc (NASDAQ:MINI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,786 shares of the industrial products company’s stock, valued at approximately $73,000.

A number of other hedge funds also recently modified their holdings of the business. Advisor Group Inc. increased its holdings in shares of Mobile Mini by 32.9% during the fourth quarter. Advisor Group Inc. now owns 1,836 shares of the industrial products company’s stock worth $70,000 after buying an additional 454 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Mobile Mini by 22.2% during the first quarter. Mutual of America Capital Management LLC now owns 1,937 shares of the industrial products company’s stock worth $51,000 after buying an additional 352 shares in the last quarter. Sowell Financial Services LLC increased its holdings in shares of Mobile Mini by 5,702.9% during the first quarter. Sowell Financial Services LLC now owns 2,031 shares of the industrial products company’s stock worth $53,000 after buying an additional 1,996 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of Mobile Mini by 68.8% during the first quarter. First Mercantile Trust Co. now owns 2,161 shares of the industrial products company’s stock worth $57,000 after buying an additional 881 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Mobile Mini during the first quarter worth approximately $94,000. Institutional investors own 92.53% of the company’s stock.

Several analysts have recently weighed in on the stock. ValuEngine raised shares of Mobile Mini from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Zacks Investment Research raised shares of Mobile Mini from a “strong sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research note on Tuesday, June 23rd. Robert W. Baird increased their price target on shares of Mobile Mini from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Oppenheimer increased their price target on shares of Mobile Mini from $34.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, BidaskClub cut shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Mobile Mini has a consensus rating of “Hold” and a consensus target price of $42.00.

MINI stock opened at $29.50 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.15 and a current ratio of 0.16. Mobile Mini Inc has a one year low of $18.41 and a one year high of $45.75. The company’s 50 day moving average price is $31.64 and its two-hundred day moving average price is $32.40. The company has a market capitalization of $1.31 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.21 and a beta of 1.54.

Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, May 1st. The industrial products company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.40 by $0.11. The company had revenue of $149.00 million for the quarter, compared to the consensus estimate of $143.11 million. Mobile Mini had a net margin of 12.08% and a return on equity of 11.52%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, research analysts predict that Mobile Mini Inc will post 1.74 EPS for the current year.

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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Institutional Ownership by Quarter for Mobile Mini (NASDAQ:MINI)

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