Verition Fund Management LLC Purchases 29,764 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Verition Fund Management LLC boosted its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 56.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,502 shares of the company's stock after buying an additional 29,764 shares during the quarter. Verition Fund Management LLC's holdings in WillScot Mobile Mini were worth $3,102,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Tidal Investments LLC lifted its holdings in WillScot Mobile Mini by 129.2% during the 1st quarter. Tidal Investments LLC now owns 13,279 shares of the company's stock worth $617,000 after buying an additional 7,486 shares during the period. CWM LLC increased its position in WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $62,000 after purchasing an additional 728 shares during the period. Salvus Wealth Management LLC bought a new position in WillScot Mobile Mini during the 2nd quarter worth approximately $1,782,000. Swedbank AB lifted its position in shares of WillScot Mobile Mini by 15.7% in the 2nd quarter. Swedbank AB now owns 980,000 shares of the company's stock worth $36,887,000 after purchasing an additional 133,000 shares during the period. Finally, Reinhart Partners LLC. bought a new stake in shares of WillScot Mobile Mini in the 2nd quarter valued at $8,905,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Down 0.8 %

NASDAQ:WSC traded down $0.31 during trading hours on Thursday, hitting $38.90. 1,196,246 shares of the company traded hands, compared to its average volume of 2,280,372. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The company has a market cap of $7.19 billion, a PE ratio of 356.49, a PEG ratio of 2.28 and a beta of 1.38. The firm's 50-day simple moving average is $37.39 and its 200-day simple moving average is $38.04. WillScot Mobile Mini Holdings Corp. has a one year low of $32.71 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (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 analysts' expectations of $617.83 million. During the same period in the prior year, the business earned $0.46 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Insider Activity

In other news, EVP Hezron T. Lopez sold 20,000 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 57,918 shares of the company's stock, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction dated 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 of the company's stock, valued at $905,859.97. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 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.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WSC. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and dropped their target price for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Baird R W lowered WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Barclays lowered their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Finally, Robert W. Baird cut their price target on 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, WillScot Mobile Mini currently has a consensus rating of "Hold" and an average price target of $45.00.

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.