Malaga Cove Capital LLC Has $441,000 Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Malaga Cove Capital LLC lifted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 94.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,735 shares of the company’s stock after buying an additional 5,695 shares during the period. Malaga Cove Capital LLC’s holdings in WillScot Mobile Mini were worth $441,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Baupost Group LLC MA bought a new position in WillScot Mobile Mini in the 2nd quarter valued at approximately $92,971,000. William Blair Investment Management LLC lifted its stake in shares of WillScot Mobile Mini by 102.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after acquiring an additional 2,355,445 shares during the last quarter. Swedbank AB lifted its stake in shares of WillScot Mobile Mini by 229.2% in the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after acquiring an additional 2,246,000 shares during the last quarter. Boston Partners boosted its holdings in shares of WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock valued at $251,118,000 after acquiring an additional 2,159,958 shares in the last quarter. Finally, Capital Research Global Investors grew its position in WillScot Mobile Mini by 112.0% during the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after acquiring an additional 2,063,746 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $38.97 per share, with a total value of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares in the company, valued at $5,833,263.42. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Trading Up 5.2 %

WSC opened at $39.80 on Thursday. The stock has a market cap of $7.50 billion, a PE ratio of 361.85, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16. The company has a fifty day moving average of $37.93 and a 200-day moving average of $38.25.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same period last year, the business posted $0.46 earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Analysts Set New Price Targets

WSC has been the subject of several research reports. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Stifel Nicolaus cut their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird reduced their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. DA Davidson dropped their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, Bank of America cut their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, WillScot Mobile Mini has an average rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.