Mobile Mini, Inc. (MINI) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. lifted its position in Mobile Mini, Inc. (NASDAQ:MINI) by 16.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,256,085 shares of the industrial products company’s stock after buying an additional 176,510 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.84% of Mobile Mini worth $37,494,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Mobile Mini in the 1st quarter valued at $117,000. Foresters Investment Management Company Inc. raised its holdings in shares of Mobile Mini by 6.5% in the 1st quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock valued at $149,000 after buying an additional 300 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Mobile Mini in the 2nd quarter valued at $152,000. Trexquant Investment LP purchased a new stake in shares of Mobile Mini in the 2nd quarter valued at $206,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Mobile Mini in the 2nd quarter valued at $209,000.
Shares of Mobile Mini, Inc. (NASDAQ:MINI) opened at 34.90 on Monday. The stock has a market cap of $1.53 billion, a P/E ratio of 30.32 and a beta of 2.26. Mobile Mini, Inc. has a one year low of $23.40 and a one year high of $37.05. The firm’s 50-day moving average price is $31.63 and its 200 day moving average price is $29.94.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $126.70 million during the quarter, compared to analyst estimates of $126.03 million. During the same quarter in the previous year, the business posted $0.25 EPS. Mobile Mini’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts expect that Mobile Mini, Inc. will post $1.21 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on MINI shares. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of Mobile Mini in a report on Friday, September 1st. BidaskClub upgraded Mobile Mini from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Robert W. Baird set a $34.00 price objective on Mobile Mini and gave the company a “hold” rating in a report on Sunday, September 10th. Finally, KeyCorp reiterated a “hold” rating on shares of Mobile Mini in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. 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 business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $30.42, for a total transaction of $497,032.38. Following the transaction, the chief financial officer now owns 170,291 shares in the company, valued at $5,180,252.22. The sale was disclosed in a legal 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 dated Monday, August 7th. The stock was sold at an average price of $31.59, for a total value of $315,900.00. Following 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. 6.50% of the stock is currently owned by insiders.
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.
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