Clearline Capital LP Has $4.47 Million Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Clearline Capital LP raised its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 30.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 118,723 shares of the company’s stock after purchasing an additional 27,747 shares during the quarter. Clearline Capital LP’s holdings in WillScot Mobile Mini were worth $4,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at $7,763,000. Scientech Research LLC acquired a new stake in WillScot Mobile Mini during the second quarter valued at $275,000. Mcmorgan & Co. LLC grew its stake in WillScot Mobile Mini by 41.4% in the second quarter. Mcmorgan & Co. LLC now owns 85,532 shares of the company’s stock valued at $3,219,000 after purchasing an additional 25,054 shares in the last quarter. Dark Forest Capital Management LP increased its position in WillScot Mobile Mini by 52.7% in the 2nd quarter. Dark Forest Capital Management LP now owns 69,513 shares of the company’s stock worth $2,616,000 after purchasing an additional 23,988 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of WillScot Mobile Mini by 106.2% during the 2nd quarter. Squarepoint Ops LLC now owns 229,582 shares of the company’s stock worth $8,641,000 after purchasing an additional 118,242 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the transaction, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WSC shares. Stifel Nicolaus lowered their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. DA Davidson decreased their target price on shares of 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. Bank of America cut their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Oppenheimer decreased their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Barclays downgraded shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $50.00 to $44.00 in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.90.

WillScot Mobile Mini Trading Down 1.4 %

Shares of NASDAQ:WSC opened at $38.57 on Friday. WillScot Mobile Mini Holdings Corp. has a 52-week low of $33.23 and a 52-week high of $52.16. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market cap of $7.34 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.32 and a beta of 1.36. The stock’s 50-day moving average is $38.18 and its 200-day moving average is $39.55.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The business had revenue of $604.59 million during the quarter, compared to the consensus estimate of $614.85 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

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.