Investors Buy Large Volume of WillScot Mobile Mini Call Options (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the target of some unusual options trading activity on Thursday. Investors bought 20,789 call options on the company. This is an increase of 184% compared to the typical daily volume of 7,324 call options.

WillScot Mobile Mini Trading Down 1.7 %

NASDAQ WSC opened at $34.38 on Friday. WillScot Mobile Mini has a 12 month low of $32.71 and a 12 month high of $52.16. 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 company has a 50-day moving average of $37.94 and a 200-day moving average of $38.24. The company has a market cap of $6.35 billion, a P/E ratio of 311.48, a P/E/G ratio of 2.23 and a beta of 1.37.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data 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). The firm had revenue of $601.43 million for the quarter, compared to analysts’ expectations of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. As a group, equities analysts predict that WillScot Mobile Mini will post 1.53 earnings per share for the current year.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Thursday, November 14th. The stock was bought at an average price of $35.41 per share, with a total value of $177,050.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares in the company, valued at $5,123,331.26. The trade was a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 15,000 shares of company stock valued at $553,800 in the last ninety days. 3.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

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

Wall Street Analyst Weigh In

WSC has been the subject of a number of research analyst reports. Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Oppenheimer reduced their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Robert W. Baird dropped 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 research note on Thursday, October 31st. Barclays reduced their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, DA Davidson cut their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.00.

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.