OppenheimerFunds Inc. Increases Position in Mobile Mini, Inc. (NASDAQ:MINI)
OppenheimerFunds Inc. increased its position in shares of Mobile Mini, Inc. (NASDAQ:MINI) by 24.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,119 shares of the industrial products company’s stock after buying an additional 2,591 shares during the period. OppenheimerFunds Inc.’s holdings in Mobile Mini were worth $400,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of MINI. United Services Automobile Association raised its position in shares of Mobile Mini by 1.6% in the first quarter. United Services Automobile Association now owns 244,655 shares of the industrial products company’s stock worth $7,462,000 after buying an additional 3,800 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Mobile Mini during the first quarter worth $18,801,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Mobile Mini during the first quarter worth $264,000. Arizona State Retirement System raised its position in shares of Mobile Mini by 0.9% in the first quarter. Arizona State Retirement System now owns 23,061 shares of the industrial products company’s stock worth $703,000 after buying an additional 200 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Mobile Mini by 3.5% in the first quarter. Victory Capital Management Inc. now owns 12,756 shares of the industrial products company’s stock worth $389,000 after buying an additional 437 shares in the last quarter.
Mobile Mini, Inc. (NASDAQ MINI) opened at 29.95 on Thursday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 28.80 and a beta of 2.26. Mobile Mini, Inc. has a 1-year low of $23.40 and a 1-year high of $38.13. The firm has a 50-day moving average of $29.34 and a 200-day moving average of $30.04.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $123.53 million for the quarter, compared to analyst estimates of $124.31 million. Mobile Mini had a net margin of 9.14% and a return on equity of 7.67%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share. Equities research analysts anticipate that Mobile Mini, Inc. will post $1.26 EPS for the current year.
A number of research firms have weighed in on MINI. BidaskClub lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.00.
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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