Mobile Infrastructure Co. (NASDAQ:BEEP) Shares Acquired by No Street GP LP

No Street GP LP raised its holdings in Mobile Infrastructure Co. (NASDAQ:BEEP) by 49.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,296,528 shares of the company’s stock after buying an additional 7,997,842 shares during the period. Mobile Infrastructure comprises approximately 7.2% of No Street GP LP’s investment portfolio, making the stock its 3rd biggest holding. No Street GP LP owned approximately 57.99% of Mobile Infrastructure worth $109,334,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BEEP. Geode Capital Management LLC boosted its stake in Mobile Infrastructure by 32.5% in the 4th quarter. Geode Capital Management LLC now owns 375,584 shares of the company’s stock valued at $1,691,000 after purchasing an additional 92,110 shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in shares of Mobile Infrastructure during the fourth quarter worth $101,000. Two Sigma Securities LLC bought a new stake in shares of Mobile Infrastructure in the fourth quarter valued at about $85,000. Concorde Asset Management LLC boosted its position in shares of Mobile Infrastructure by 12.9% in the fourth quarter. Concorde Asset Management LLC now owns 64,518 shares of the company’s stock valued at $290,000 after acquiring an additional 7,354 shares during the period. Finally, First Manhattan CO. LLC. grew its stake in shares of Mobile Infrastructure by 31.6% in the fourth quarter. First Manhattan CO. LLC. now owns 105,342 shares of the company’s stock valued at $474,000 after acquiring an additional 25,291 shares in the last quarter. Institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Price Performance

BEEP stock opened at $3.82 on Wednesday. The company’s 50-day moving average price is $4.05 and its two-hundred day moving average price is $3.81. The firm has a market cap of $162.04 million, a P/E ratio of -4.24 and a beta of 0.50. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.09. Mobile Infrastructure Co. has a 12 month low of $2.48 and a 12 month high of $4.86.

Mobile Infrastructure (NASDAQ:BEEP) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%. During the same quarter last year, the business posted ($0.34) EPS. On average, analysts anticipate that Mobile Infrastructure Co. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. B. Riley initiated coverage on shares of Mobile Infrastructure in a report on Thursday, January 23rd. They set a “buy” rating and a $5.00 target price on the stock. Maxim Group assumed coverage on Mobile Infrastructure in a research note on Friday, February 21st. They set a “buy” rating and a $7.00 price objective on the stock. Finally, Piper Sandler assumed coverage on Mobile Infrastructure in a research report on Thursday, January 23rd. They set an “overweight” rating and a $5.00 target price for the company.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet.