Everence Capital Management Inc. Makes New Investment in Mobile Mini Inc (NASDAQ:MINI)
Everence Capital Management Inc. bought a new position in Mobile Mini Inc (NASDAQ:MINI) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,870 shares of the industrial products company’s stock, valued at approximately $216,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Balyasny Asset Management LLC purchased a new position in Mobile Mini in the 2nd quarter worth approximately $771,000. Envestnet Asset Management Inc. lifted its stake in Mobile Mini by 17.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,683 shares of the industrial products company’s stock worth $751,000 after purchasing an additional 3,682 shares in the last quarter. Bernzott Capital Advisors lifted its stake in Mobile Mini by 16.1% in the 2nd quarter. Bernzott Capital Advisors now owns 712,003 shares of the industrial products company’s stock worth $21,666,000 after purchasing an additional 98,691 shares in the last quarter. Quantamental Technologies LLC lifted its stake in Mobile Mini by 67.7% in the 2nd quarter. Quantamental Technologies LLC now owns 3,266 shares of the industrial products company’s stock worth $99,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Alpha Windward LLC purchased a new position in Mobile Mini in the 2nd quarter worth approximately $475,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. ValuEngine raised shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th. Robert W. Baird set a $41.00 price target on shares of Mobile Mini and gave the company a “hold” rating in a research report on Friday, July 26th. Stifel Nicolaus began coverage on shares of Mobile Mini in a research report on Wednesday, August 21st. They set a “buy” rating and a $36.00 price target on the stock. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. Finally, Credit Suisse Group reduced their price target on shares of Mobile Mini from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Mobile Mini presently has a consensus rating of “Hold” and an average price target of $41.83.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $150.18 million for the quarter, compared to analyst estimates of $151.75 million. Mobile Mini had a negative net margin of 0.95% and a positive return on equity of 9.70%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. As a group, equities research analysts expect that Mobile Mini Inc will post 1.92 earnings per share for the current 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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