Corsair Capital Management L.P. Trims Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Corsair Capital Management L.P. lessened its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 5.1% in the third quarter, HoldingsChannel.com reports. The firm owned 591,483 shares of the company’s stock after selling 32,046 shares during the quarter. WillScot Mobile Mini comprises approximately 5.2% of Corsair Capital Management L.P.’s holdings, making the stock its 6th largest holding. Corsair Capital Management L.P.’s holdings in WillScot Mobile Mini were worth $22,240,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini in the 3rd quarter worth approximately $25,000. Hexagon Capital Partners LLC raised its holdings in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after acquiring an additional 600 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in WillScot Mobile Mini in the third quarter worth $36,000. Summit Securities Group LLC bought a new stake in WillScot Mobile Mini in the second quarter valued at $56,000. Finally, CWM LLC raised its holdings in WillScot Mobile Mini by 80.3% in the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after purchasing an additional 728 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Down 0.5 %

Shares of WillScot Mobile Mini stock opened at $38.52 on Wednesday. The company has a 50-day simple moving average of $37.57 and a two-hundred day simple moving average of $38.09. The stock has a market capitalization of $7.12 billion, a PE ratio of 350.21, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37. WillScot Mobile Mini Holdings Corp. 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.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $601.43 million during the quarter, compared to analysts’ expectations of $617.83 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. WillScot Mobile Mini’s revenue was down .6% on a year-over-year basis. On average, analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the sale, the chief accounting officer now directly owns 26,113 shares in the company, valued at $905,859.97. The trade was a 35.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the transaction, the executive vice president now owns 57,918 shares in the company, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 20,000 shares of company stock worth $728,750. 3.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WSC has been the topic of a number of research reports. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Barclays cut their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Bank of America decreased their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, DA Davidson lowered their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, WillScot Mobile Mini currently has an average rating of “Hold” and an average price target of $45.00.

WillScot Mobile Mini Company 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.