OppenheimerFunds Inc. Sells 3,239 Shares of Mobile Mini Inc (MINI)

OppenheimerFunds Inc. lessened its stake in Mobile Mini Inc (NASDAQ:MINI) by 29.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,604 shares of the industrial products company’s stock after selling 3,239 shares during the quarter. OppenheimerFunds Inc.’s holdings in Mobile Mini were worth $331,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Meadow Creek Investment Management LLC increased its position in shares of Mobile Mini by 24.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 5,992 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 1,176 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Mobile Mini by 60.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,376 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 1,275 shares during the last quarter. Rhumbline Advisers increased its position in shares of Mobile Mini by 1.3% during the first quarter. Rhumbline Advisers now owns 111,485 shares of the industrial products company’s stock valued at $4,850,000 after acquiring an additional 1,413 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Mobile Mini by 4.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 33,639 shares of the industrial products company’s stock valued at $1,463,000 after acquiring an additional 1,434 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Mobile Mini by 2.0% during the first quarter. Swiss National Bank now owns 76,800 shares of the industrial products company’s stock valued at $3,341,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

NASDAQ:MINI opened at $46.90 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.18 and a quick ratio of 0.16. Mobile Mini Inc has a 1 year low of $28.10 and a 1 year high of $48.65. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 2.02 and a beta of 1.96.

Mobile Mini (NASDAQ:MINI) last released its earnings results on Friday, April 20th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). Mobile Mini had a return on equity of 6.73% and a net margin of 23.05%. The firm had revenue of $132.30 million during the quarter, compared to analysts’ expectations of $133.18 million. During the same period in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts predict that Mobile Mini Inc will post 1.66 EPS for the current fiscal year.

In other Mobile Mini news, Director Frederick G. Mcnamee sold 8,000 shares of the firm’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $44.16, for a total value of $353,280.00. Following the completion of the sale, the director now directly owns 10,393 shares of the company’s stock, valued at $458,954.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen A. Mcconnell sold 20,000 shares of the firm’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $46.87, for a total value of $937,400.00. Following the completion of the sale, the director now directly owns 94,789 shares of the company’s stock, valued at $4,442,760.43. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

A number of brokerages recently commented on MINI. BidaskClub raised Mobile Mini from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research downgraded Mobile Mini from a “hold” rating to a “sell” rating in a research report on Saturday, June 23rd. Finally, ValuEngine raised Mobile Mini from a “hold” rating to a “buy” rating in a research report on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Mobile Mini presently has a consensus rating of “Buy” and an average price target of $45.71.

About Mobile Mini

Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.

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Institutional Ownership by Quarter for Mobile Mini (NASDAQ:MINI)

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