Royal Bank of Canada Reduces Stake in Mobile Mini, Inc. (MINI)
Royal Bank of Canada reduced its position in Mobile Mini, Inc. (NASDAQ:MINI) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 405,054 shares of the industrial products company’s stock after selling 1,288 shares during the period. Royal Bank of Canada owned approximately 0.92% of Mobile Mini worth $12,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Mobile Mini in the 1st quarter worth $117,000. SG Americas Securities LLC purchased a new position in shares of Mobile Mini in the 2nd quarter worth $152,000. Trexquant Investment LP purchased a new position in shares of Mobile Mini in the 2nd quarter worth $206,000. Eqis Capital Management Inc. purchased a new position in shares of Mobile Mini in the 2nd quarter worth $209,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of 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 buying an additional 3,818 shares during the last quarter.
A number of equities analysts have recently issued reports on MINI shares. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. BidaskClub downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. KeyCorp restated a “hold” rating on shares of Mobile Mini in a research note on Wednesday, October 4th. Needham & Company LLC restated a “buy” rating and issued a $38.00 price target on shares of Mobile Mini in a research note on Friday, September 1st. Finally, Sidoti reaffirmed a “neutral” rating on shares of Mobile Mini in a report on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Mobile Mini currently has a consensus rating of “Hold” and a consensus target price of $35.33.
In other Mobile Mini news, CFO Mark Funk sold 16,339 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $30.42, for a total value of $497,032.38. Following the sale, the chief financial officer now directly owns 170,291 shares of the company’s stock, valued at $5,180,252.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lawrence Trachtenberg sold 10,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.59, for a total transaction of $315,900.00. Following the completion of the sale, the director now directly owns 38,181 shares in the company, valued at $1,206,137.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,065 shares of company stock worth $4,832,212. 6.50% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: “Royal Bank of Canada Reduces Stake in Mobile Mini, Inc. (MINI)” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/royal-bank-of-canada-reduces-stake-in-mobile-mini-inc-mini/1634459.html.
Mobile Mini, Inc. (NASDAQ:MINI) opened at 33.50 on Monday. Mobile Mini, Inc. has a one year low of $23.40 and a one year high of $37.05. The company has a 50-day moving average price of $32.58 and a 200-day moving average price of $30.13. The company has a market capitalization of $1.47 billion, a PE ratio of 29.11 and a beta of 2.26.
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 consensus estimate of $0.26 by ($0.02). Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The business had revenue of $126.70 million during the quarter, compared to analysts’ expectations of $126.03 million. During the same period in the previous year, the company posted $0.25 earnings per share. Mobile Mini’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts expect that Mobile Mini, Inc. will post $1.21 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Mobile Mini Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile Mini Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.