Point72 Hong Kong Ltd Takes $1.06 Million Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Point72 Hong Kong Ltd bought a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,082 shares of the company's stock, valued at approximately $1,056,000.

A number of other institutional investors also recently bought and sold shares of WSC. V Square Quantitative Management LLC bought a new position in WillScot Mobile Mini in the third quarter valued at about $25,000. Hexagon Capital Partners LLC raised its stake in shares of WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock worth $34,000 after buying an additional 600 shares during the period. Financial Management Professionals Inc. bought a new position in shares of WillScot Mobile Mini in the third quarter worth about $36,000. Summit Securities Group LLC bought a new position in shares of WillScot Mobile Mini in the second quarter worth about $56,000. Finally, CWM LLC raised its stake in shares of WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company's stock worth $62,000 after buying an additional 728 shares during the period. Institutional investors own 95.81% of the company's stock.

Insider Buying and Selling at WillScot Mobile Mini

In other 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 value 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 $905,859.97. This trade represents a 35.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerard E. Holthaus acquired 5,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was bought at an average cost of $34.99 per share, with a total value of $174,950.00. Following the completion of the purchase, the director now directly owns 411,221 shares in the company, valued at approximately $14,388,622.79. The trade was a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 20,000 shares of company stock worth $728,750 in the last quarter. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Price Performance

NASDAQ WSC traded up $0.10 during trading on Monday, hitting $38.34. 568,427 shares of the stock traded hands, compared to its average volume of 2,280,887. The company has a market capitalization of $7.08 billion, a P/E ratio of 347.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.38. The firm has a 50-day simple moving average of $37.51 and a 200-day simple moving average of $38.06. 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 12-month low of $32.71 and a 12-month high of $52.16.

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, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on WSC. Robert W. Baird decreased their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Baird R W downgraded WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Barclays decreased 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. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, DA Davidson cut their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, WillScot Mobile Mini currently has an average rating of "Hold" and an average target price 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.