5 Stocks Billionaire Leon Cooperman Just Bought and Sold

Page 5 of 5

1. WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Omega Advisors’ Stake Value: $113.33 million

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) provides portable workspace and storage solutions across the United States, Canada, and Mexico. Divided into two segments, Modular Solutions and Storage Solutions, the company leases out modular spaces and portable storage units to a range of customers. These customers belong to industries such as commercial, construction, retail, education, energy, government, and healthcare. In Q3 2023, Leon Cooperman upped his stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 22%. The position consists of approximately 2.73 million shares valued at $113.33 million.

On November 1, WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) announced a Q3 GAAP EPS of $0.46, outperforming market consensus by $0.01. However, its revenue came in at $605 million, missing Street estimates by $7.51 million.

According to Insider Monkey’s second quarter database, 59 hedge funds were bullish on WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC), same as the preceding quarter.

Bernzott Capital Advisors US Small Cap Value Fund made the following comment about WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in its Q1 2023 investor letter:

“WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC): Exited the position as a result of the company exceeding the upper end of our market cap restrictions due to stock appreciation.

We ended 1Q managing $548 million, with $286 million in our US Small Cap Value strategy. As a bottom-up, fundamental value investor, we seek high-quality companies we believe can compound returns over long periods while proving resilient in downturns. We believe characteristics of a high-quality company include market leadership; recurring revenue or subscription model providing revenue visibility; high margins and operating leverage; high returns on capital; financial flexibility; and a strong management team with skin in the game and a long-term view.”

Follow Willscot Holdings Corp (NASDAQ:WSC)

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 12 Best Performing S&P 500 Stocks in the Last 10 Years and Top 20 Social Media Sites to Consider for Brand Advertising in 2023.

Page 5 of 5