Nisa Investment Advisors LLC lowered its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 66.9% during the second quarter, Holdings Channel.com reports. The fund owned 10,650 shares of the company’s stock after selling 21,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in WillScot Mobile Mini were worth $297,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in WillScot Mobile Mini in the second quarter valued at $76,000. Chartwell Investment Partners LLC raised its position in WillScot Mobile Mini by 0.9% in the second quarter. Chartwell Investment Partners LLC now owns 106,725 shares of the company’s stock valued at $2,974,000 after purchasing an additional 954 shares during the period. Great West Life Assurance Co. Can raised its position in WillScot Mobile Mini by 9.8% in the first quarter. Great West Life Assurance Co. Can now owns 11,255 shares of the company’s stock valued at $310,000 after purchasing an additional 1,009 shares during the period. The Manufacturers Life Insurance Company raised its position in WillScot Mobile Mini by 1.1% in the first quarter. The Manufacturers Life Insurance Company now owns 98,186 shares of the company’s stock valued at $2,725,000 after purchasing an additional 1,026 shares during the period. Finally, Allred Capital Management LLC purchased a new position in WillScot Mobile Mini in the first quarter valued at about $29,000. Hedge funds and other institutional investors own 88.57% of the company’s stock.
Shares of WillScot Mobile Mini stock opened at $29.16 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market cap of $6.60 billion, a P/E ratio of 69.43, a P/E/G ratio of 1.58 and a beta of 1.88. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $15.73 and a fifty-two week high of $30.38. The business has a 50-day moving average price of $28.27 and a 200 day moving average price of $28.23.
WSC has been the topic of several research reports. Zacks Investment Research lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating in a research report on Wednesday, August 11th. Robert W. Baird lifted their target price on WillScot Mobile Mini from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, August 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $31.22.
In other WillScot Mobile Mini news, Director Stephen Robertson sold 2,100,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, July 6th. The stock was sold at an average price of $27.75, for a total value of $58,275,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher J. Miner sold 38,443 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $28.15, for a total value of $1,082,170.45. Following the completion of the transaction, the executive vice president now owns 140,802 shares of the company’s stock, valued at $3,963,576.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,138,443 shares of company stock valued at $614,357,170. 63.50% of the stock is owned by corporate insiders.
About WillScot Mobile Mini
WillScot Mobile Mini Holdings Corp. provides modular and portable storage services. The firm offers furniture rental, transportation and logistics, storage & facilities services and commercial real estate services. It offers turnkey office space and storage solutions for temporary applications in the commercial and industrial, construction, retail, education, health care, government, transportation, security and energy sectors.
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