Geode Capital Management LLC Boosts Position in Mobile Infrastructure Co. (NASDAQ:BEEP)

Geode Capital Management LLC increased its holdings in Mobile Infrastructure Co. (NASDAQ:BEEP - Free Report) by 32.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 375,584 shares of the company's stock after acquiring an additional 92,110 shares during the quarter. Geode Capital Management LLC owned about 0.90% of Mobile Infrastructure worth $1,691,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Charles Schwab Investment Management Inc. bought a new position in shares of Mobile Infrastructure in the 4th quarter worth about $101,000. Institutional investors and hedge funds own 84.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BEEP. Maxim Group assumed coverage on Mobile Infrastructure in a research note on Friday, February 21st. They issued a "buy" rating and a $7.00 price target on the stock. Piper Sandler initiated coverage on Mobile Infrastructure in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $5.00 target price on the stock. Finally, B. Riley began coverage on shares of Mobile Infrastructure in a research note on Thursday, January 23rd. They issued a "buy" rating and a $5.00 price target on the stock.

Mobile Infrastructure Trading Down 0.7 %

BEEP stock opened at $4.12 on Wednesday. The company has a market capitalization of $174.77 million, a price-to-earnings ratio of -4.58 and a beta of 0.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.10 and a quick ratio of 0.10. Mobile Infrastructure Co. has a 1-year low of $2.48 and a 1-year high of $4.86. The business has a 50 day simple moving average of $3.94 and a two-hundred day simple moving average of $3.74.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.03) earnings per share 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 in the prior year, the firm posted ($0.34) earnings per share. Research analysts anticipate that Mobile Infrastructure Co. will post -0.3 EPS for the current fiscal year.

Mobile Infrastructure 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.

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