Corsair Capital Management L.P. Sells 32,046 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Corsair Capital Management L.P. trimmed its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 5.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 591,483 shares of the company's stock after selling 32,046 shares during the quarter. WillScot Mobile Mini accounts for 5.2% of Corsair Capital Management L.P.'s investment portfolio, making the stock its 6th largest holding. Corsair Capital Management L.P. owned 0.32% of WillScot Mobile Mini worth $22,240,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in WillScot Mobile Mini in the 3rd quarter worth about $25,000. Hexagon Capital Partners LLC raised its holdings in shares of WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after acquiring an additional 600 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at about $36,000. Summit Securities Group LLC purchased a new stake in shares of WillScot Mobile Mini in the 2nd quarter valued at about $56,000. Finally, CWM LLC raised its holdings in shares of WillScot Mobile Mini by 80.3% during 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 in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on WSC shares. DA Davidson decreased their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus decreased their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Robert W. Baird decreased their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Oppenheimer decreased their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Finally, Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, WillScot Mobile Mini presently has an average rating of "Hold" and an average price target of $45.00.

Insider Transactions at WillScot Mobile Mini

In related news, CAO Sally J. Shanks sold 14,059 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 26,113 shares of the company's stock, valued at approximately $905,859.97. This trade represents a 35.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerard E. Holthaus bought 5,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were purchased at an average cost of $34.99 per share, with a total value of $174,950.00. Following the completion of the transaction, the director now owns 411,221 shares in the company, valued at $14,388,622.79. This represents a 1.23 % increase in their ownership of the stock. 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 Price Performance

Shares of NASDAQ:WSC traded down $0.33 during trading on Wednesday, hitting $38.19. 1,530,148 shares of the company's stock were exchanged, compared to its average volume of 2,295,188. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a 52-week low of $32.71 and a 52-week high of $52.16. The business's 50-day simple moving average is $37.57 and its 200 day simple moving average is $38.09. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 350.21, a PEG ratio of 2.34 and a beta of 1.37.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $601.43 million for the quarter, compared to analysts' expectations of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. As a group, equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

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.