Black Diamond Financial LLC Makes New $376,000 Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Black Diamond Financial LLC bought a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in shares of WillScot Mobile Mini by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 454,636 shares of the company’s stock valued at $17,113,000 after purchasing an additional 50,414 shares during the period. Oppenheimer Asset Management Inc. lifted its position in WillScot Mobile Mini by 43.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 87,053 shares of the company’s stock worth $3,277,000 after acquiring an additional 26,433 shares during the period. William Blair Investment Management LLC boosted its position in WillScot Mobile Mini by 102.9% in the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after buying an additional 2,355,445 shares during the last quarter. Qsemble Capital Management LP boosted its holdings in shares of WillScot Mobile Mini by 78.9% in the 2nd quarter. Qsemble Capital Management LP now owns 32,747 shares of the company’s stock valued at $1,233,000 after acquiring an additional 14,439 shares during the last quarter. Finally, Pier Capital LLC grew its position in WillScot Mobile Mini by 67.0% during the 2nd quarter. Pier Capital LLC now owns 143,362 shares of the company’s stock worth $5,396,000 after purchasing an additional 57,537 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WSC shares. Stifel Nicolaus lowered their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. DA Davidson reduced their target price on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Oppenheimer decreased their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Barclays lowered their price objective on shares of WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Bank of America dropped 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.50.

WillScot Mobile Mini Trading Down 0.2 %

NASDAQ WSC opened at $39.16 on Monday. WillScot Mobile Mini Holdings Corp. has a one year low of $33.23 and a one year high of $52.16. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.35 and a beta of 1.36. 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’s 50 day moving average price is $37.99 and its 200 day moving average price is $39.98.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $604.59 million for the quarter, compared to the consensus estimate of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. On average, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS 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.