Spyglass Capital Management LLC Raises Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Spyglass Capital Management LLC lifted its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,301,780 shares of the company's stock after acquiring an additional 77,211 shares during the period. WillScot Mobile Mini accounts for approximately 3.2% of Spyglass Capital Management LLC's investment portfolio, making the stock its 18th biggest holding. Spyglass Capital Management LLC owned about 0.70% of WillScot Mobile Mini worth $48,947,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WSC. Zurcher Kantonalbank Zurich Cantonalbank raised its position in WillScot Mobile Mini by 5.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,376 shares of the company's stock worth $1,631,000 after buying an additional 2,340 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of WillScot Mobile Mini by 9.6% in the third quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company's stock worth $1,784,000 after acquiring an additional 4,140 shares during the period. Douglass Winthrop Advisors LLC raised its holdings in shares of WillScot Mobile Mini by 32.4% during the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company's stock worth $6,209,000 after purchasing an additional 40,393 shares during the last quarter. Fisher Asset Management LLC lifted its position in WillScot Mobile Mini by 58.3% during the third quarter. Fisher Asset Management LLC now owns 1,043,055 shares of the company's stock valued at $39,219,000 after purchasing an additional 384,270 shares during the period. Finally, Swedbank AB boosted its holdings in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after purchasing an additional 2,246,000 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Price Performance

NASDAQ:WSC traded up $0.05 during trading hours on Friday, reaching $38.24. 758,683 shares of the company were exchanged, compared to its average volume of 2,288,536. The stock's 50-day moving average is $37.51 and its 200-day moving average is $38.09. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16. The firm has a market cap of $7.07 billion, a PE ratio of 347.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37. 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 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). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. During the same quarter last year, the company earned $0.46 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WSC has been the subject of a number of recent research reports. Oppenheimer reduced their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Barclays reduced their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. Baird R W cut shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. DA Davidson decreased their target price on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Finally, Robert W. Baird lowered their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, WillScot Mobile Mini currently has an average rating of "Hold" and an average target price of $45.00.

Insider Activity

In related news, EVP Hezron T. Lopez sold 20,000 shares of the business'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 transaction, the executive vice president now directly owns 57,918 shares in the company, valued at approximately $2,280,810.84. The trade was a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $36.38 per share, with a total value of $181,900.00. Following the purchase, the chief executive officer now owns 144,686 shares in the company, valued at $5,263,676.68. This represents a 3.58 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 20,000 shares of company stock worth $728,750 over the last quarter. 3.30% of the stock is currently owned by corporate insiders.

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.