Everence Capital Management Inc. bought a new position in shares of Mobile Mini Inc (NASDAQ:MINI) in the third quarter, HoldingsChannel reports. The fund bought 5,870 shares of the industrial products company’s stock, valued at approximately $216,000.

Several other hedge funds have also recently modified their holdings of MINI. BlackRock Inc. grew its stake in shares of Mobile Mini by 11.7% during the second quarter. BlackRock Inc. now owns 7,284,309 shares of the industrial products company’s stock worth $221,662,000 after purchasing an additional 763,119 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Mobile Mini during the second quarter worth $12,477,000. Morgan Stanley grew its stake in shares of Mobile Mini by 387.8% during the second quarter. Morgan Stanley now owns 425,479 shares of the industrial products company’s stock worth $12,948,000 after purchasing an additional 338,246 shares in the last quarter. Capital Management Corp VA acquired a new position in shares of Mobile Mini during the second quarter worth $9,022,000. Finally, Marshall Wace LLP grew its stake in shares of Mobile Mini by 266.0% during the second quarter. Marshall Wace LLP now owns 405,491 shares of the industrial products company’s stock worth $12,339,000 after purchasing an additional 294,688 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

NASDAQ MINI traded up $0.07 during trading hours on Wednesday, hitting $36.27. The company had a trading volume of 9,669 shares, compared to its average volume of 320,156. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.14 and a current ratio of 0.16. Mobile Mini Inc has a 1-year low of $29.02 and a 1-year high of $44.56. The company has a market cap of $1.63 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.62. The business has a 50 day moving average of $33.52 and a 200-day moving average of $33.05.

Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Mobile Mini had a negative net margin of 0.95% and a positive return on equity of 9.70%. The company had revenue of $150.18 million during the quarter, compared to the consensus estimate of $151.75 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Mobile Mini’s revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts expect that Mobile Mini Inc will post 1.92 earnings per share for the current fiscal year.

A number of brokerages recently commented on MINI. Stifel Nicolaus began coverage on shares of Mobile Mini in a research note on Wednesday, August 21st. They set a “buy” rating and a $36.00 target price for the company. ValuEngine upgraded shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th. Robert W. Baird set a $41.00 price objective on shares of Mobile Mini and gave the company a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research downgraded shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Finally, Credit Suisse Group decreased their price objective on shares of Mobile Mini from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.83.

About Mobile Mini

Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.

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Institutional Ownership by Quarter for Mobile Mini (NASDAQ:MINI)

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