Fred Alger Management LLC Sells 34,364 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Fred Alger Management LLC cut its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 39.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,484 shares of the company's stock after selling 34,364 shares during the period. Fred Alger Management LLC's holdings in WillScot Mobile Mini were worth $1,973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in WillScot Mobile Mini in the third quarter valued at about $25,000. Hexagon Capital Partners LLC increased its stake in WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after purchasing an additional 600 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in WillScot Mobile Mini in the third quarter worth $36,000. Summit Securities Group LLC bought a new position in shares of WillScot Mobile Mini during the second quarter worth $56,000. Finally, CWM LLC grew its holdings 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 period. Institutional investors own 95.81% of the company's stock.

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares of the company's stock, valued at $5,833,263.42. The trade was a 3.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.69, for a total value 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. The trade was a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 20,000 shares of company stock valued at $728,750 in the last three months. Company insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Performance

Shares of WSC stock traded down $0.03 during trading on Monday, hitting $38.21. The company's stock had a trading volume of 1,567,051 shares, compared to its average volume of 2,285,675. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.71 and a 52 week high of $52.16. The company has a market cap of $7.06 billion, a PE ratio of 347.40, a P/E/G ratio of 2.31 and a beta of 1.38. The business has a fifty day moving average of $37.46 and a 200-day moving average of $38.05. 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 (NASDAQ:WSC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same period in the prior year, the business posted $0.46 EPS. WillScot Mobile Mini's revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on WSC shares. Barclays dropped their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. DA Davidson dropped their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, August 5th. Robert W. Baird reduced 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. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a "buy" rating to a "hold" rating and dropped their price target for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, WillScot Mobile Mini presently has an average rating of "Hold" and an average price target of $45.00.

About WillScot Mobile Mini

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.