Mobile Mini Inc. (MINI) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. increased its stake in Mobile Mini Inc. (NASDAQ:MINI) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 108,244 shares of the company’s stock after buying an additional 860 shares during the period. Prudential Financial Inc. owned about 0.25% of Mobile Mini worth $3,750,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Mobile Mini by 125.6% in the first quarter. BlackRock Inc. now owns 3,082 shares of the company’s stock valued at $102,000 after buying an additional 1,716 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of Mobile Mini during the second quarter valued at $121,000. Suntrust Banks Inc. bought a new position in shares of Mobile Mini during the second quarter valued at $210,000. Pacad Investment Ltd. bought a new position in shares of Mobile Mini during the first quarter valued at $211,000. Finally, Teacher Retirement System of Texas raised its position in Mobile Mini by 10.1% in the second quarter. Teacher Retirement System of Texas now owns 6,303 shares of the company’s stock valued at $218,000 after buying an additional 579 shares during the last quarter.
Shares of Mobile Mini Inc. (NASDAQ:MINI) opened at 28.80 on Wednesday. The firm has a market cap of $1.27 billion, a PE ratio of 33.88 and a beta of 2.12. The company has a 50-day moving average of $29.60 and a 200 day moving average of $32.28. Mobile Mini Inc. has a one year low of $24.13 and a one year high of $38.13.
Mobile Mini (NASDAQ:MINI) last announced its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.05. Mobile Mini had a net margin of 7.45% and a return on equity of 7.62%. The firm earned $124.84 million during the quarter, compared to analyst estimates of $128.81 million. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities research analysts expect that Mobile Mini Inc. will post $1.32 EPS for the current fiscal year.
Several research firms have recently commented on MINI. Zacks Investment Research raised shares of Mobile Mini from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, July 26th. TheStreet lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $38.33.
In related news, Director Jeffrey S. Goble sold 8,338 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $32.47, for a total value of $270,734.86. Following the completion of the transaction, the director now owns 20,117 shares of the company’s stock, valued at approximately $653,198.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.40% of the stock is currently 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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