WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Holdings Trimmed by Simcoe Capital Management LLC

Simcoe Capital Management LLC reduced its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 16.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,079,855 shares of the company's stock after selling 215,555 shares during the period. WillScot Mobile Mini makes up about 5.3% of Simcoe Capital Management LLC's holdings, making the stock its 8th largest holding. Simcoe Capital Management LLC owned 0.58% of WillScot Mobile Mini worth $40,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in WSC. Tidal Investments LLC lifted its stake in shares of WillScot Mobile Mini by 129.2% in the 1st quarter. Tidal Investments LLC now owns 13,279 shares of the company's stock valued at $617,000 after acquiring an additional 7,486 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of WillScot Mobile Mini by 234.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 37,920 shares of the company's stock valued at $1,763,000 after buying an additional 26,569 shares during the period. Harbor Capital Advisors Inc. lifted its stake in WillScot Mobile Mini by 373.5% in the second quarter. Harbor Capital Advisors Inc. now owns 49,346 shares of the company's stock worth $1,857,000 after acquiring an additional 38,925 shares during the period. CWM LLC boosted its holdings in WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $62,000 after acquiring an additional 728 shares in the last quarter. Finally, Salvus Wealth Management LLC purchased a new position in WillScot Mobile Mini during the 2nd quarter valued at $1,782,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now owns 149,686 shares of the company's stock, valued at approximately $5,833,263.42. This trade represents a 3.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the sale, the executive vice president now owns 57,918 shares in the company, valued at $2,280,810.84. This represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 20,000 shares of company stock valued at $728,750. 3.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. 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 report on Thursday, October 31st. Robert W. Baird decreased their price target 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. Baird R W lowered shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Barclays decreased their target price 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. Finally, DA Davidson dropped their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $45.00.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ:WSC traded down $0.01 during mid-day trading on Monday, reaching $38.23. 858,989 shares of the company traded hands, compared to its average volume of 2,281,880. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.71 and a 52 week high of $52.16. The firm has a market cap of $7.06 billion, a PE ratio of 347.67, a PEG ratio of 2.31 and a beta of 1.38. The company's 50 day moving average price is $37.51 and its 200-day moving average price is $38.06. 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 (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS 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 the consensus estimate of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

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.