Holocene Advisors LP Grows Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Holocene Advisors LP grew its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 166,741 shares of the company’s stock after purchasing an additional 4,156 shares during the quarter. Holocene Advisors LP’s holdings in WillScot Mobile Mini were worth $6,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tidal Investments LLC lifted its holdings in WillScot Mobile Mini by 129.2% during the first quarter. Tidal Investments LLC now owns 13,279 shares of the company’s stock valued at $617,000 after purchasing an additional 7,486 shares in the last quarter. CWM LLC lifted its stake in shares of 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 buying an additional 728 shares in the last quarter. Salvus Wealth Management LLC bought a new position in WillScot Mobile Mini in the 2nd quarter worth $1,782,000. Swedbank AB increased its stake in 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 buying an additional 133,000 shares in the last quarter. Finally, Reinhart Partners LLC. purchased a new stake in WillScot Mobile Mini in the 2nd quarter worth $8,905,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Up 4.0 %

Shares of NASDAQ WSC opened at $39.21 on Thursday. 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 Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The firm’s 50-day moving average price is $37.39 and its 200-day moving average price is $38.04. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 356.45, a P/E/G ratio of 2.31 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $617.83 million. During the same period in the previous year, the business posted $0.46 EPS. The firm’s revenue was down .6% on a year-over-year basis. On average, equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $38.97 per share, with a total value of $194,850.00. Following the acquisition, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. The trade was a 3.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the transaction, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 20,000 shares of company stock valued at $728,750. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

WSC has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price objective on 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. Barclays dropped 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 note on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their target price for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.