Geode Capital Management LLC Has $930,000 Stake in Mobile Infrastructure Co. (NASDAQ:BEEP)

Geode Capital Management LLC increased its position in shares of Mobile Infrastructure Co. (NASDAQ:BEEP) by 40.5% during the 3rd quarter, Holdings Channel reports. The fund owned 283,474 shares of the company’s stock after buying an additional 81,727 shares during the quarter. Geode Capital Management LLC’s holdings in Mobile Infrastructure were worth $930,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BEEP. International Assets Investment Management LLC boosted its position in shares of Mobile Infrastructure by 216.0% during the third quarter. International Assets Investment Management LLC now owns 172,066 shares of the company’s stock worth $564,000 after purchasing an additional 117,607 shares in the last quarter. Centaurus Financial Inc. raised its stake in Mobile Infrastructure by 6.7% during the 2nd quarter. Centaurus Financial Inc. now owns 93,018 shares of the company’s stock worth $319,000 after buying an additional 5,869 shares during the period. Concorde Asset Management LLC lifted its holdings in Mobile Infrastructure by 5.5% during the third quarter. Concorde Asset Management LLC now owns 57,164 shares of the company’s stock worth $187,000 after acquiring an additional 2,985 shares in the last quarter. Brookstone Capital Management grew its stake in Mobile Infrastructure by 84.2% in the third quarter. Brookstone Capital Management now owns 48,355 shares of the company’s stock valued at $159,000 after acquiring an additional 22,097 shares during the period. Finally, CWM LLC increased its holdings in shares of Mobile Infrastructure by 40.8% in the third quarter. CWM LLC now owns 38,810 shares of the company’s stock worth $127,000 after acquiring an additional 11,245 shares in the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.

Mobile Infrastructure Trading Down 3.2 %

NASDAQ BEEP opened at $3.93 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.10 and a quick ratio of 0.10. The stock’s 50-day moving average is $3.67 and its 200-day moving average is $3.31. Mobile Infrastructure Co. has a one year low of $2.48 and a one year high of $4.86. The firm has a market cap of $164.67 million, a P/E ratio of -4.37 and a beta of 0.59.

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.