BNP Paribas Arbitrage SA lowered its stake in Mobile Mini Inc. (NASDAQ:MINI) by 51.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,786 shares of the company’s stock after selling 7,087 shares during the period. BNP Paribas Arbitrage SA’s holdings in Mobile Mini were worth $205,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in MINI. Dimensional Fund Advisors LP boosted its position in Mobile Mini by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,732,922 shares of the company’s stock valued at $129,306,000 after buying an additional 96,617 shares in the last quarter. Vanguard Group Inc. boosted its position in Mobile Mini by 2.9% in the second quarter. Vanguard Group Inc. now owns 3,518,756 shares of the company’s stock valued at $121,890,000 after buying an additional 100,508 shares in the last quarter. Jennison Associates LLC boosted its position in Mobile Mini by 1.2% in the second quarter. Jennison Associates LLC now owns 2,934,448 shares of the company’s stock valued at $101,649,000 after buying an additional 36,210 shares in the last quarter. BlackRock Fund Advisors boosted its position in Mobile Mini by 2.0% in the second quarter. BlackRock Fund Advisors now owns 2,845,858 shares of the company’s stock valued at $98,581,000 after buying an additional 56,978 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Mobile Mini by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,116,015 shares of the company’s stock valued at $36,851,000 after buying an additional 23,937 shares in the last quarter.
Shares of Mobile Mini Inc. (NASDAQ:MINI) traded up 0.30% during midday trading on Wednesday, reaching $30.40. 13,908 shares of the company were exchanged. Mobile Mini Inc. has a 52-week low of $24.13 and a 52-week high of $38.13. The company has a market capitalization of $1.34 billion, a P/E ratio of 35.76 and a beta of 2.12. The stock has a 50-day moving average price of $29.65 and a 200 day moving average price of $32.45.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. Mobile Mini had a net margin of 7.45% and a return on equity of 7.62%. The business earned $124.84 million during the quarter, compared to the consensus estimate of $128.81 million. During the same period in the previous year, the business posted $0.28 earnings per share. Mobile Mini’s revenue was down 4.2% compared to the same quarter last year. Equities research analysts expect that Mobile Mini Inc. will post $1.32 EPS for the current fiscal year.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. TheStreet downgraded shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.33.
In other Mobile Mini news, Director Jeffrey S. Goble sold 8,338 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $32.47, for a total value of $270,734.86. Following the sale, the director now directly owns 20,117 shares in the company, valued at $653,198.99. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.40% of the stock is currently owned by company insiders.
Mobile Mini Company Profile
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It 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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