Mobile Mini, Inc. (MINI) Stake Maintained by Swiss National Bank
Swiss National Bank held its position in Mobile Mini, Inc. (NASDAQ:MINI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,000 shares of the industrial products company’s stock at the end of the 2nd quarter. Swiss National Bank owned 0.17% of Mobile Mini worth $2,179,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Miles Capital Inc. lifted its holdings in shares of Mobile Mini by 0.3% during the 1st quarter. Miles Capital Inc. now owns 7,121 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 19 shares in the last quarter. Bank of Montreal Can increased its stake in Mobile Mini by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 27,772 shares of the industrial products company’s stock worth $829,000 after purchasing an additional 148 shares in the last quarter. Arizona State Retirement System increased its stake in Mobile Mini by 0.9% during the 1st quarter. Arizona State Retirement System now owns 23,061 shares of the industrial products company’s stock worth $703,000 after purchasing an additional 200 shares in the last quarter. Texas Permanent School Fund increased its stake in Mobile Mini by 0.7% during the 2nd quarter. Texas Permanent School Fund now owns 32,274 shares of the industrial products company’s stock worth $963,000 after purchasing an additional 214 shares in the last quarter. Finally, Foresters Investment Management Company Inc. increased its stake in Mobile Mini by 6.5% during the 1st quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 300 shares in the last quarter.
Shares of Mobile Mini, Inc. (NASDAQ:MINI) opened at 34.95 on Wednesday. The stock has a 50 day moving average of $31.24 and a 200-day moving average of $29.84. Mobile Mini, Inc. has a 12 month low of $23.40 and a 12 month high of $37.05. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 30.36 and a beta of 2.27.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. The firm had revenue of $126.70 million during the quarter, compared to the consensus estimate of $126.03 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. Mobile Mini’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts forecast that Mobile Mini, Inc. will post $1.21 EPS for the current year.
Several brokerages have commented on MINI. Zacks Investment Research upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, June 28th. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of Mobile Mini in a research note on Friday, September 1st. Finally, Robert W. Baird set a $34.00 target price on shares of Mobile Mini and gave the stock a “hold” rating in a research note on Sunday, September 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $34.75.
In other news, insider Mark Funk sold 36,080 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $30.34, for a total value of $1,094,667.20. Following the transaction, the insider now owns 170,291 shares in the company, valued at $5,166,628.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence Trachtenberg sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the completion of the transaction, the director now owns 38,181 shares in the company, valued at approximately $1,206,137.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,065 shares of company stock worth $4,832,212. Corporate insiders own 6.50% of the company’s stock.
Mobile Mini Company 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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