Simcoe Capital Management LLC Has $40.60 Million Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Simcoe Capital Management LLC cut its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 16.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,079,855 shares of the company’s stock after selling 215,555 shares during the quarter. WillScot Mobile Mini accounts for about 5.3% of Simcoe Capital Management LLC’s portfolio, making the stock its 8th largest holding. Simcoe Capital Management LLC’s holdings in WillScot Mobile Mini were worth $40,603,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WSC. V Square Quantitative Management LLC acquired a new position in WillScot Mobile Mini in the 3rd quarter valued at approximately $25,000. Hexagon Capital Partners LLC grew its holdings in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after buying an additional 600 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of WillScot Mobile Mini during the third quarter valued at about $36,000. Summit Securities Group LLC bought a new position in shares of WillScot Mobile Mini during the second quarter valued at about $56,000. Finally, CWM LLC raised its position in WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after acquiring an additional 728 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Gerard E. Holthaus purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, November 19th. The stock was bought at an average cost of $34.99 per share, with a total value of $174,950.00. Following the purchase, the director now owns 411,221 shares in the company, valued at approximately $14,388,622.79. The trade was a 1.23 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 20,000 shares of company stock valued at $728,750. Company insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WSC. Barclays reduced their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. DA Davidson lowered their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Robert W. Baird decreased their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, WillScot Mobile Mini presently has a consensus rating of “Hold” and an average price target of $45.00.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $38.24 on Monday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 347.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.38. The business has a 50-day moving average of $37.51 and a 200 day moving average of $38.06. WillScot Mobile Mini Holdings Corp. has a 12 month low of $32.71 and a 12 month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company had revenue of $601.43 million for the quarter, compared to analysts’ expectations of $617.83 million. During the same period in the prior year, the business earned $0.46 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

About WillScot Mobile Mini

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.