State Board of Administration of Florida Retirement System held its position in Mobile Mini Inc (NASDAQ:MINI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,205 shares of the industrial products company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned 0.07% of Mobile Mini worth $974,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its position in Mobile Mini by 7.1% in the third quarter. Fisher Asset Management LLC now owns 657,904 shares of the industrial products company’s stock worth $19,869,000 after buying an additional 43,700 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Mobile Mini by 3.2% in the third quarter. Great West Life Assurance Co. Can now owns 61,195 shares of the industrial products company’s stock worth $1,847,000 after buying an additional 1,880 shares during the last quarter. BlackRock Fund Advisors raised its stake in Mobile Mini by 7.9% in the third quarter. BlackRock Fund Advisors now owns 3,069,614 shares of the industrial products company’s stock valued at $92,702,000 after buying an additional 223,756 shares during the period. Riverbridge Partners LLC raised its stake in Mobile Mini by 9.8% in the third quarter. Riverbridge Partners LLC now owns 1,043,910 shares of the industrial products company’s stock valued at $31,526,000 after buying an additional 93,495 shares during the period. Finally, Bernzott Capital Advisors raised its stake in Mobile Mini by 25.8% in the third quarter. Bernzott Capital Advisors now owns 546,400 shares of the industrial products company’s stock valued at $16,501,000 after buying an additional 111,925 shares during the period.
Mobile Mini Inc (NASDAQ:MINI) traded up 2.23% during midday trading on Friday, hitting $29.85. The stock had a trading volume of 188,157 shares. The stock has a 50-day moving average price of $29.91 and a 200 day moving average price of $30.21. The firm has a market cap of $1.31 billion, a P/E ratio of 28.16 and a beta of 2.41. Mobile Mini Inc has a 12-month low of $23.40 and a 12-month high of $38.13.
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MINI has been the subject of several research reports. Zacks Investment Research upgraded Mobile Mini from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Thursday, April 6th. Needham & Company LLC reiterated a “buy” rating and set a $38.00 price objective (up from $34.00) on shares of Mobile Mini in a research note on Friday, February 3rd.
In other news, CFO Mark Funk sold 10,312 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $33.76, for a total transaction of $348,133.12. Following the transaction, the chief financial officer now owns 160,299 shares in the company, valued at approximately $5,411,694.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.40% of the company’s stock.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.
