Melqart Asset Management UK Ltd Sells 108,095 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Melqart Asset Management UK Ltd cut its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 25.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 317,535 shares of the company’s stock after selling 108,095 shares during the period. WillScot Mobile Mini accounts for 1.1% of Melqart Asset Management UK Ltd’s holdings, making the stock its 28th largest position. Melqart Asset Management UK Ltd owned about 0.17% of WillScot Mobile Mini worth $11,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WSC. V Square Quantitative Management LLC bought a new position in shares of WillScot Mobile Mini in the third quarter worth $25,000. Hexagon Capital Partners LLC increased its holdings in WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in WillScot Mobile Mini during the 3rd quarter worth approximately $36,000. Summit Securities Group LLC bought a new stake in shares of WillScot Mobile Mini in the second quarter worth $56,000. Finally, CWM LLC grew its position in shares of WillScot Mobile Mini by 80.3% in the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after buying an additional 728 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Trading Down 1.3 %

WillScot Mobile Mini stock opened at $37.70 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 342.76, a P/E/G ratio of 2.31 and a beta of 1.38. The firm has a 50 day moving average of $37.40 and a 200 day moving average of $38.03.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates 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 company earned $0.46 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WSC shares. Robert W. Baird lowered their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Barclays decreased their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. 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.com, the company presently has an average rating of “Hold” and an average target price of $45.00.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now directly owns 26,113 shares in the company, valued at $905,859.97. This trade represents a 35.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gerard E. Holthaus purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average price of $34.99 per share, with a total value of $174,950.00. Following the acquisition, the director now owns 411,221 shares in the company, valued at approximately $14,388,622.79. This represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 20,000 shares of company stock worth $728,750. 3.30% of the stock is currently owned by company insiders.

WillScot Mobile Mini Company 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.