WillScot Mobile Mini Holdings: Surprising Market Shifts
In a surprising twist, Westfield Capital Management recently reduced its investment in WillScot Mobile Mini Holdings Corp. by almost 17% in the last quarter. This move led to a decrease in their stake by over half a million shares, leaving them with about 2.6 million shares valued at around $98.9 million, according to their latest SEC filing.
The investment landscape is quite varied, with Sunbelt Securities increasing its share count by over 15,000% in the last quarter, now owning nearly 54,000 shares worth $2 million. Likewise, Swedbank AB bolstered its holdings by 15.7%, accumulating shares valued at $36.9 million.
Meanwhile, Bislett Management slightly increased its stake by 3.1% during the third quarter, growing its investment to nearly $44 million. Clearbridge Investments also expanded its portfolio with a 2.6% increase, holding shares worth an impressive $221.6 million. On a more significant growth note, Amalgamated Bank more than doubled its share count, indicating a 127% increase.
Institutional investors dominate ownership of WillScot Mobile Mini, controlling over 95% of the stock. However, the outlook for the company is mixed, as analysts from Deutsche Bank and Baird downgraded the stock to “hold,” while Oppenheimer remains optimistic despite adjusting target prices.
While WillScot Mobile Mini’s latest trading figures show a modest rise, its earnings fell short of expectations. As the market keeps a close watch, the next fiscal moves by both insiders and analysts will be crucial in shaping the company’s trajectory.
