Investors Buy High Volume of Call Options on WillScot Mobile Mini (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) was the recipient of some unusual options trading on Thursday. Investors bought 20,789 call options on the company. This is an increase of approximately 184% compared to the average daily volume of 7,324 call options.

WillScot Mobile Mini Stock Down 5.4 %

Shares of WSC traded down $1.98 during mid-day trading on Thursday, reaching $34.98. The company had a trading volume of 5,006,853 shares, compared to its average volume of 2,279,713. WillScot Mobile Mini has a 52 week low of $32.71 and a 52 week high of $52.16. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 328.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.37. The firm has a 50-day moving average price of $37.97 and a 200 day moving average price of $38.26.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). The company 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 revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. On average, sell-side analysts forecast that WillScot Mobile Mini will post 1.53 EPS for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the sale, the executive vice president now directly owns 57,918 shares in the company, valued at $2,280,810.84. The trade was a 25.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the company's stock in a transaction on Monday, November 4th. The shares were acquired at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares of the company's stock, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 15,000 shares of company stock valued at $553,800. Company insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in shares of WillScot Mobile Mini in the 3rd 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 worth $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini during the third quarter valued at $36,000. Summit Securities Group LLC purchased a new stake in WillScot Mobile Mini in the 2nd quarter valued at about $56,000. Finally, CWM LLC increased its position in shares of WillScot Mobile Mini by 80.3% during the second quarter. CWM LLC now owns 1,635 shares of the company's stock worth $62,000 after acquiring an additional 728 shares during the period. Institutional investors own 95.81% of the company's stock.

Wall Street Analyst Weigh In

WSC has been the subject of several research analyst reports. Baird R W lowered WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Oppenheimer lowered their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus dropped their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a "buy" rating to a "hold" rating and reduced their target price for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Bank of America cut their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.