California State Teachers Retirement System Sells 7,506 Shares of Mobile Mini Inc (MINI)
California State Teachers Retirement System decreased its holdings in Mobile Mini Inc (NASDAQ:MINI) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 70,360 shares of the industrial products company’s stock after selling 7,506 shares during the quarter. California State Teachers Retirement System’s holdings in Mobile Mini were worth $2,424,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of MINI. SG Americas Securities LLC purchased a new position in shares of Mobile Mini in the second quarter valued at approximately $152,000. Amalgamated Bank purchased a new position in shares of Mobile Mini in the third quarter valued at approximately $204,000. Concorde Asset Management LLC purchased a new position in shares of Mobile Mini in the third quarter valued at approximately $232,000. Piedmont Investment Advisors LLC acquired a new stake in Mobile Mini in the second quarter valued at approximately $285,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Mobile Mini in the third quarter valued at approximately $287,000.
Shares of Mobile Mini Inc (NASDAQ:MINI) opened at $37.55 on Monday. The firm has a market cap of $1,664.48, a P/E ratio of 33.53, a P/E/G ratio of 1.96 and a beta of 2.35. Mobile Mini Inc has a 1-year low of $26.70 and a 1-year high of $38.00. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.38.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, October 20th. The industrial products company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). The firm had revenue of $136.64 million during the quarter, compared to analyst estimates of $133.73 million. Mobile Mini had a net margin of 9.59% and a return on equity of 7.17%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. equities analysts forecast that Mobile Mini Inc will post 1.11 EPS for the current year.
In other Mobile Mini news, Director Stephen A. Mcconnell sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $36.10, for a total transaction of $144,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.50% of the stock is currently owned by company insiders.
Several analysts recently weighed in on MINI shares. Zacks Investment Research raised shares of Mobile Mini from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Oppenheimer reaffirmed a “buy” rating and issued a $36.00 target price on shares of Mobile Mini in a report on Monday, October 23rd. SunTrust Banks reaffirmed a “hold” rating on shares of Mobile Mini in a report on Sunday, October 22nd. Sidoti reaffirmed a “neutral” rating on shares of Mobile Mini in a report on Friday, October 13th. Finally, BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $37.00.
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Mobile Mini Profile
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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