Illinois Municipal Retirement Fund purchased a new position in shares of Mobility Global, Inc. (NYSE:MBGL – Free Report) in the 3rd quarter, Holdings Channel reports. The firm purchased 160,066 shares of the company’s stock, valued at approximately $2,745,000.
Several other institutional investors also recently modified their holdings of the stock. Keybank National Association OH acquired a new stake in shares of Mobility Global during the 3rd quarter valued at $818,000. Gryphon Financial Partners LLC acquired a new position in Mobility Global in the 3rd quarter worth about $204,000. Fulcrum Asset Management LLP acquired a new position in Mobility Global in the 3rd quarter worth about $312,000. Cullinan Associates Inc. acquired a new position in Mobility Global in the 3rd quarter worth about $1,002,000. Finally, Ethic Inc. acquired a new position in Mobility Global in the 3rd quarter worth about $216,000.
Key Headlines Impacting Mobility Global
These are some of the MBGL headlines that stood out recently:
- Positive Sentiment: Mobility Global reported Q3 EPS of $0.40, topping the $0.38 consensus, while revenue rose 7.4% year over year to $478 million. The company also raised its FY2026 EBITDA outlook, helping drive positive reaction to the results. Article: Mobility Global jumps on Q3 beat and higher EBITDA outlook
- Positive Sentiment: The company authorized an $800 million share-repurchase program. Its free cash flow and hard-to-replicate data collection network may support continued capital returns, according to coverage of the company. Article: Mobility Global authorizes $800M share repurchase program Article: Why Mobility Global Stock Gained Today
- Positive Sentiment: Wells Fargo raised its price target from $23 to $29 and assigned an “overweight” rating, signaling a more bullish view. Wells Fargo recommendations
Mobility Global Price Performance
NYSE MBGL traded up $0.07 on Friday, reaching $23.20. The company had a trading volume of 5,772,059 shares, compared to its average volume of 3,818,648. The firm has a market cap of $6.87 billion and a price-to-earnings ratio of 128.89. Mobility Global, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $26.00. The business has a 50 day moving average price of $19.08. The company has a current ratio of 1.93, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.
Mobility Global (NYSE:MBGL – Get Free Report) last announced its earnings results on Thursday, November 12th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $478.00 million for the quarter. Mobility Global’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Mobility Global, Inc. will post 1.52 earnings per share for the current fiscal year.
Mobility Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, November 30th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. Mobility Global’s dividend payout ratio is presently 133.33%.
Analyst Upgrades and Downgrades
MBGL has been the subject of several research reports. Citigroup began coverage on Mobility Global in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 target price for the company. Wolfe Research upgraded Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Bank of America assumed coverage on Mobility Global in a research note on Friday, August 21st. They issued a “neutral” rating and a $23.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Mobility Global from $23.00 to $29.00 and gave the company an “overweight” rating in a report on Friday. Finally, Morgan Stanley started coverage on shares of Mobility Global in a research report on Friday, October 9th. They set an “equal weight” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mobility Global presently has a consensus rating of “Hold” and a consensus price target of $24.00.
Read Our Latest Report on Mobility Global
Mobility Global Company Profile
Mobility Global is a blank-check company formed to pursue a merger, acquisition, share exchange or similar business combination with an operating business. It does not have established products or services of its own. The company’s stated focus is the mobility sector, which may include businesses involved in transportation, automotive services, logistics and related technologies. Its activities are centered on identifying and completing a suitable business combination.
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