Mobile Mini Inc. (MINI) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. decreased its position in shares of Mobile Mini Inc. (NASDAQ:MINI) by 25.4% during the second quarter, Holdings Channel reports. The institutional investor owned 5,976 shares of the company’s stock after selling 2,038 shares during the period. PNC Financial Services Group Inc.’s holdings in Mobile Mini were worth $207,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of MINI. State Street Corp raised its stake in Mobile Mini by 2.8% in the first quarter. State Street Corp now owns 877,022 shares of the company’s stock worth $28,958,000 after buying an additional 23,975 shares in the last quarter. Fisher Asset Management LLC raised its stake in Mobile Mini by 134.7% in the second quarter. Fisher Asset Management LLC now owns 614,204 shares of the company’s stock worth $22,394,000 after buying an additional 352,539 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake 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 worth $36,851,000 after buying an additional 23,937 shares in the last quarter. Franklin Resources Inc. raised its stake in Mobile Mini by 5.9% in the first quarter. Franklin Resources Inc. now owns 1,076,622 shares of the company’s stock worth $35,550,000 after buying an additional 59,630 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Mobile Mini by 2.5% in the first quarter. Prudential Financial Inc. now owns 107,384 shares of the company’s stock worth $3,546,000 after buying an additional 2,660 shares in the last quarter.
Mobile Mini Inc. (NASDAQ:MINI) traded up 1.06% during mid-day trading on Wednesday, hitting $30.63. 25,399 shares of the stock were exchanged. The firm has a 50-day moving average price of $29.65 and a 200-day moving average price of $32.45. The stock has a market capitalization of $1.35 billion, a P/E ratio of 36.04 and a beta of 2.12. Mobile Mini Inc. has a 12-month low of $24.13 and a 12-month high of $38.13.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. The firm earned $124.84 million during the quarter, compared to analyst estimates of $128.81 million. Mobile Mini had a return on equity of 7.62% and a net margin of 7.45%. Mobile Mini’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. Equities analysts predict that Mobile Mini Inc. will post $1.32 earnings per share for the current fiscal year.
MINI has been the subject of a number of analyst reports. TheStreet lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. Zacks Investment Research raised shares of Mobile Mini from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Mobile Mini currently has a consensus rating of “Hold” and a consensus price target of $38.33.
In related news, Director Jeffrey S. Goble sold 8,338 shares of Mobile Mini stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $32.47, for a total value of $270,734.86. Following the completion of the sale, the director now directly owns 20,117 shares in the company, valued at $653,198.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.40% of the stock is owned by corporate 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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