Cwm LLC Sells 9,036 Shares of Mobile Infrastructure Corporation $BEEP

Cwm LLC lessened its stake in shares of Mobile Infrastructure Corporation (NASDAQ:BEEP) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,962 shares of the company’s stock after selling 9,036 shares during the period. Cwm LLC owned approximately 0.12% of Mobile Infrastructure worth $235,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MAI Capital Management boosted its stake in Mobile Infrastructure by 99.3% during the 1st quarter. MAI Capital Management now owns 6,253 shares of the company’s stock valued at $26,000 after purchasing an additional 3,116 shares during the last quarter. Focus Partners Wealth purchased a new stake in Mobile Infrastructure during the 1st quarter valued at $80,000. Jane Street Group LLC boosted its stake in Mobile Infrastructure by 85.1% during the 1st quarter. Jane Street Group LLC now owns 33,689 shares of the company’s stock valued at $140,000 after purchasing an additional 15,484 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Mobile Infrastructure by 104.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company’s stock valued at $170,000 after purchasing an additional 20,741 shares during the last quarter. Finally, Connective Capital Management LLC purchased a new stake in Mobile Infrastructure during the 1st quarter valued at $223,000. 84.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BEEP. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobile Infrastructure in a report on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and issued a $6.50 price objective on shares of Mobile Infrastructure in a report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.88.

Mobile Infrastructure Trading Up 0.8%

Shares of BEEP stock opened at $3.73 on Tuesday. Mobile Infrastructure Corporation has a 12-month low of $2.75 and a 12-month high of $4.86. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $3.57 and its 200-day moving average price is $3.83. The stock has a market capitalization of $159.27 million, a price-to-earnings ratio of -12.43 and a beta of 0.53.

Mobile Infrastructure (NASDAQ:BEEP) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Mobile Infrastructure had a negative net margin of 28.91% and a negative return on equity of 5.58%. The company had revenue of $8.99 million for the quarter, compared to analysts’ expectations of $9.39 million. Mobile Infrastructure has set its FY 2025 guidance at EPS. Equities research analysts predict that Mobile Infrastructure Corporation will post -0.3 EPS for the current fiscal year.

Mobile Infrastructure Company Profile

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.