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Waterfront Capital Partners LLC Has $21.01 Million Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Financial News Live ·  Sep 10, 2022 12:11

Waterfront Capital Partners LLC decreased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 537,000 shares of the company's stock after selling 8,305 shares during the period. WillScot Mobile Mini comprises 1.3% of Waterfront Capital Partners LLC's portfolio, making the stock its 25th largest holding. Waterfront Capital Partners LLC's holdings in WillScot Mobile Mini were worth $21,013,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WSC. American Century Companies Inc. increased its holdings in WillScot Mobile Mini by 90.7% in the fourth quarter. American Century Companies Inc. now owns 12,181 shares of the company's stock worth $497,000 after buying an additional 5,794 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new position in WillScot Mobile Mini in the fourth quarter worth approximately $385,000. Principal Financial Group Inc. increased its holdings in WillScot Mobile Mini by 49.6% in the fourth quarter. Principal Financial Group Inc. now owns 271,315 shares of the company's stock worth $11,081,000 after buying an additional 90,004 shares during the last quarter. California Public Employees Retirement System increased its holdings in WillScot Mobile Mini by 1.3% in the fourth quarter. California Public Employees Retirement System now owns 427,575 shares of the company's stock worth $17,462,000 after buying an additional 5,444 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in WillScot Mobile Mini by 19.4% in the fourth quarter. Teacher Retirement System of Texas now owns 32,905 shares of the company's stock worth $1,344,000 after buying an additional 5,341 shares during the last quarter. Institutional investors and hedge funds own 94.92% of the company's stock.

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Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 100,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $41.36, for a total transaction of $4,136,000.00. Following the completion of the transaction, the director now directly owns 2,646,812 shares in the company, valued at $109,472,144.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 100,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $41.36, for a total transaction of $4,136,000.00. Following the completion of the transaction, the director now directly owns 2,646,812 shares in the company, valued at $109,472,144.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erik Olsson sold 126,647 shares of the firm's stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $43.43, for a total value of $5,500,279.21. Following the completion of the sale, the director now owns 631,938 shares of the company's stock, valued at $27,445,067.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 230,742 shares of company stock worth $9,806,222. 2.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on WillScot Mobile Mini from $49.00 to $50.00 in a research report on Monday, August 8th. Robert W. Baird increased their price objective on WillScot Mobile Mini from $42.00 to $45.00 and gave the company an "outperform" rating in a research report on Tuesday, August 23rd. Morgan Stanley increased their price objective on WillScot Mobile Mini from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Monday, August 8th. Finally, DA Davidson increased their price objective on WillScot Mobile Mini to $50.00 in a research report on Tuesday, August 9th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $47.43.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded up $0.56 during trading hours on Friday, reaching $42.56. The stock had a trading volume of 999,807 shares, compared to its average volume of 1,471,838. The business's fifty day moving average is $38.35 and its two-hundred day moving average is $36.77. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.91 and a quick ratio of 0.84. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 1.06 and a beta of 1.68. WillScot Mobile Mini Holdings Corp. has a twelve month low of $28.14 and a twelve month high of $43.71.

About WillScot Mobile Mini

(Get Rating)

WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets.

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