No Street GP LP Has $109.33 Million Stock Holdings in Mobile Infrastructure Co. (NASDAQ:BEEP)

No Street GP LP increased its position in shares of Mobile Infrastructure Co. (NASDAQ:BEEP - Free Report) by 49.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,296,528 shares of the company's stock after acquiring an additional 7,997,842 shares during the quarter. Mobile Infrastructure accounts for about 7.2% of No Street GP LP's holdings, making the stock its 3rd largest position. No Street GP LP owned approximately 57.99% of Mobile Infrastructure worth $109,334,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. First Manhattan CO. LLC. increased its stake in Mobile Infrastructure by 31.6% in the 4th quarter. First Manhattan CO. LLC. now owns 105,342 shares of the company's stock valued at $474,000 after buying an additional 25,291 shares during the period. Citadel Advisors LLC acquired a new position in Mobile Infrastructure in the 4th quarter valued at approximately $118,000. Jane Street Group LLC acquired a new position in Mobile Infrastructure in the 4th quarter valued at approximately $82,000. Northern Trust Corp increased its stake in Mobile Infrastructure by 116.1% in the 4th quarter. Northern Trust Corp now owns 61,419 shares of the company's stock valued at $276,000 after buying an additional 32,995 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in Mobile Infrastructure in the 4th quarter valued at approximately $85,000. Institutional investors and hedge funds own 84.30% of the company's stock.

Mobile Infrastructure Stock Up 2.5%

Shares of BEEP traded up $0.09 during mid-day trading on Friday, hitting $3.76. 27,975 shares of the company's stock were exchanged, compared to its average volume of 66,042. The firm has a fifty day moving average of $4.06 and a two-hundred day moving average of $3.82. Mobile Infrastructure Co. has a twelve month low of $2.48 and a twelve month high of $4.86. The stock has a market cap of $159.50 million, a price-to-earnings ratio of -4.18 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 (NASDAQ:BEEP - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.03) 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, sell-side analysts forecast that Mobile Infrastructure Co. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

BEEP has been the topic of several research reports. B. Riley initiated coverage on shares of Mobile Infrastructure in a research note on Thursday, January 23rd. They issued a "buy" rating and a $5.00 price objective on the stock. Piper Sandler initiated coverage on shares of Mobile Infrastructure in a research note on Thursday, January 23rd. They issued an "overweight" rating and a $5.00 price objective on the stock. Finally, Maxim Group initiated coverage on shares of Mobile Infrastructure in a research note on Friday, February 21st. They issued a "buy" rating and a $7.00 price objective on the stock.

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.