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Bank of America Corp DE Buys 44,165 Shares of Mobile Mini, Inc. (MINI)
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Several other institutional investors also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new position in shares of Mobile Mini during the first quarter valued at about $3,632,000. Schwab Charles Investment Management Inc. boosted its position in shares of Mobile Mini by 11.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 236,230 shares of the industrial products company’s stock valued at $7,206,000 after buying an additional 23,705 shares during the last quarter. KCG Holdings Inc. boosted its position in shares of Mobile Mini by 12.7% in the first quarter. KCG Holdings Inc. now owns 9,951 shares of the industrial products company’s stock valued at $304,000 after buying an additional 1,123 shares during the last quarter. BlackRock Inc. boosted its position in shares of Mobile Mini by 97,640.1% in the first quarter. BlackRock Inc. now owns 5,421,642 shares of the industrial products company’s stock valued at $165,361,000 after buying an additional 5,416,095 shares during the last quarter. Finally, Miles Capital Inc. boosted its position in shares of Mobile Mini by 0.3% in the first quarter. Miles Capital Inc. now owns 7,121 shares of the industrial products company’s stock valued at $217,000 after buying an additional 19 shares during the last quarter.
Shares of Mobile Mini, Inc. (NASDAQ MINI) opened at 30.25 on Friday. The stock’s 50 day moving average price is $29.41 and its 200 day moving average price is $30.04. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 29.09 and a beta of 2.26. Mobile Mini, Inc. has a 12 month low of $23.40 and a 12 month high of $37.37.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Mobile Mini had a return on equity of 7.67% and a net margin of 9.14%. The firm had revenue of $123.53 million during the quarter, compared to the consensus estimate of $124.31 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. Mobile Mini’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts predict that Mobile Mini, Inc. will post $1.26 earnings per share for the current fiscal year.
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Several equities analysts have recently issued reports on the company. BidaskClub cut Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered Mobile Mini from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.00.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.