Mobile Mini (MINI) Upgraded by BidaskClub to “Hold”

Mobile Mini (NASDAQ:MINI) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities analysts also recently issued reports on MINI. ValuEngine downgraded Mobile Mini from a “buy” rating to a “hold” rating in a research report on Friday, November 23rd. Zacks Investment Research downgraded Mobile Mini from a “buy” rating to a “hold” rating in a research report on Tuesday, December 25th. Oppenheimer dropped their price target on Mobile Mini from $47.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 4th. Finally, TheStreet downgraded Mobile Mini from a “b” rating to a “c” rating in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Mobile Mini has a consensus rating of “Hold” and an average price target of $47.33.

Shares of MINI traded up $1.29 during midday trading on Friday, reaching $37.30. 213,100 shares of the stock were exchanged, compared to its average volume of 182,251. Mobile Mini has a 52 week low of $29.46 and a 52 week high of $50.40. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.32 and a beta of 1.85.

In related news, Director Stephen A. Mcconnell acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 18th. The shares were bought at an average price of $31.85 per share, with a total value of $63,700.00. Following the completion of the transaction, the director now directly owns 86,789 shares in the company, valued at $2,764,229.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in MINI. Bank of Montreal Can raised its stake in Mobile Mini by 8.6% in the third quarter. Bank of Montreal Can now owns 33,166 shares of the industrial products company’s stock valued at $1,454,000 after buying an additional 2,631 shares during the last quarter. First Trust Advisors LP raised its stake in Mobile Mini by 16.6% in the third quarter. First Trust Advisors LP now owns 83,566 shares of the industrial products company’s stock valued at $3,664,000 after buying an additional 11,876 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Mobile Mini by 11.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 16,243 shares of the industrial products company’s stock valued at $712,000 after buying an additional 1,625 shares during the last quarter. Victory Capital Management Inc. raised its stake in Mobile Mini by 8.1% in the third quarter. Victory Capital Management Inc. now owns 21,134 shares of the industrial products company’s stock valued at $927,000 after buying an additional 1,576 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Mobile Mini by 3.3% in the third quarter. Wells Fargo & Company MN now owns 118,200 shares of the industrial products company’s stock valued at $5,183,000 after buying an additional 3,775 shares during the last quarter. Institutional investors own 97.00% of the company’s stock.

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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.

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