KeyCorp Reiterates Hold Rating for Mobile Mini, Inc. (MINI)
Mobile Mini, Inc. (NASDAQ:MINI)‘s stock had its “hold” rating restated by investment analysts at KeyCorp in a research report issued on Wednesday.
MINI has been the subject of several other research reports. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. Robert W. Baird set a $34.00 price target on Mobile Mini and gave the company a “hold” rating in a research note on Sunday, September 10th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Mobile Mini in a research report on Friday, September 1st. Finally, BidaskClub upgraded Mobile Mini from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.75.
Mobile Mini (NASDAQ MINI) remained flat at $34.95 during midday trading on Wednesday. 16,145 shares of the company’s stock were exchanged. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 30.36 and a beta of 2.27. The stock has a 50-day moving average price of $31.24 and a 200 day moving average price of $29.84. Mobile Mini has a 1-year low of $23.40 and a 1-year high of $37.05.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The company had revenue of $126.70 million for the quarter, compared to analyst estimates of $126.03 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, analysts predict that Mobile Mini will post $1.21 EPS for the current fiscal year.
In other Mobile Mini news, CFO Mark Funk sold 3,699 shares of Mobile Mini stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.52, for a total value of $116,592.48. Following the completion of the transaction, the chief financial officer now owns 153,260 shares in the company, valued at approximately $4,830,755.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence Trachtenberg sold 10,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was 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 directly owns 38,181 shares in the company, valued at approximately $1,206,137.79. The disclosure for this sale can be found here. Insiders have sold 156,065 shares of company stock worth $4,832,212 over the last ninety days. Insiders own 6.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Mobile Mini by 125.6% in the first quarter. BlackRock Inc. now owns 3,082 shares of the industrial products company’s stock valued at $102,000 after buying an additional 1,716 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Mobile Mini in the 2nd quarter valued at about $113,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Mobile Mini in the 2nd quarter valued at about $121,000. Ameritas Investment Partners Inc. acquired a new stake in Mobile Mini in the 1st quarter valued at about $117,000. Finally, Foresters Investment Management Company Inc. acquired a new stake in Mobile Mini in the 4th quarter valued at about $140,000.
About Mobile Mini
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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