12th Street Asset Management Company buys $17,534,942 stake in Mobile Mini Inc (MINI)

Mobile Mini Inc (MINI) : 12th Street Asset Management Company scooped up 63,157 additional shares in Mobile Mini Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 598,258 shares of Mobile Mini Inc which is valued at $17,534,942.Mobile Mini Inc makes up approximately 6.67% of 12th Street Asset Management Company’s portfolio.

Other Hedge Funds, Including , Geneva Advisors boosted its stake in MINI in the latest quarter, The investment management firm added 1,935 additional shares and now holds a total of 26,274 shares of Mobile Mini Inc which is valued at $776,922. Mobile Mini Inc makes up approx 0.01% of Geneva Advisors’s portfolio.Glenmede Trust Co Na reduced its stake in MINI by selling 234 shares or 20.63% in the most recent quarter. The Hedge Fund company now holds 900 shares of MINI which is valued at $27,837.

Mobile Mini Inc opened for trading at $29.6 and hit $31 on the upside on Tuesday, eventually ending the session at $30.13, with a gain of 2.03% or 0.6 points. The heightened volatility saw the trading volume jump to 2,66,914 shares. Company has a market cap of $1,339 M.

On the company’s financial health, Mobile Mini Inc reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.30. The company had revenue of $124.84 million for the quarter, compared to analysts expectations of $128.83 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Mobile Mini Inc. Mobile Mini Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 25, 2016.

Mobile Mini Inc. is a provider of portable storage solutions. The Company’s business comprises of two product categories which include portable storage solutions and specialty containment solutions. Portable storage solutions consist of container and office product offerings. The Company offers a range of portable storage products with features such as locking systems doors electrical wiring and shelving. Its portable storage includes steel storage containers steel security office and steel combination offices and wood mobile offices. The specialty containment products are offered through Evergreen Tank Solutions to the customers through 24 locations in North America and consist of liquid and solid containment units pumps and filtration equipment. The Company’s fleet of steel tanks offers acid steel tanks gas buster steel tanks and open top steel tanks. Additionally it provides an offering to its customers of value-added services for managing liquid and solid waste.

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