Susquehanna International Group LLP boosted its position in Mobile Mini, Inc. (NASDAQ:MINI) by 21.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,272 shares of the industrial products company’s stock after acquiring an additional 2,872 shares during the period. Susquehanna International Group LLP’s holdings in Mobile Mini were worth $486,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in Mobile Mini in the 1st quarter worth $117,000. SG Americas Securities LLC bought a new stake in Mobile Mini in the 2nd quarter worth $152,000. Trexquant Investment LP bought a new stake in Mobile Mini in the 2nd quarter worth $206,000. Eqis Capital Management Inc. bought a new stake in Mobile Mini in the 2nd quarter worth $209,000. Finally, State of Alaska Department of Revenue grew its holdings in Mobile Mini by 77.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,728 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 3,818 shares during the last quarter.
Shares of Mobile Mini, Inc. (NASDAQ:MINI) opened at 33.50 on Friday. Mobile Mini, Inc. has a 52-week low of $23.40 and a 52-week high of $37.05. The stock has a market capitalization of $1.47 billion, a PE ratio of 29.11 and a beta of 2.27. The stock has a 50 day moving average of $32.58 and a 200 day moving average of $30.13.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). The company had revenue of $126.70 million during the quarter, compared to the consensus estimate of $126.03 million. Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. Analysts forecast that Mobile Mini, Inc. will post $1.21 earnings per share for the current year.
In other news, Director Lawrence Trachtenberg sold 10,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the transaction, the director now directly owns 38,181 shares in the company, valued at $1,206,137.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Funk sold 41,020 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $31.82, for a total transaction of $1,305,256.40. Following the completion of the transaction, the insider now owns 153,260 shares in the company, valued at $4,876,733.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,065 shares of company stock worth $4,832,212. Company insiders own 6.50% of the company’s stock.
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A number of brokerages have issued reports on MINI. Sidoti reissued a “neutral” rating on shares of Mobile Mini in a report on Friday. Robert W. Baird reissued a “hold” rating and issued a $34.00 price target on shares of Mobile Mini in a report on Thursday. KeyCorp reissued a “hold” rating on shares of Mobile Mini in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Mobile Mini in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.33.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.
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