Kettle Hill Capital Management LLC Takes Position in MobileIron, Inc. (MOBL)

Kettle Hill Capital Management LLC bought a new stake in shares of MobileIron, Inc. (NASDAQ:MOBL) during the fourth quarter, Holdings Channel reports. The firm bought 208,639 shares of the company’s stock, valued at approximately $782,000. Kettle Hill Capital Management LLC owned about 0.28% of MobileIron at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. FNY Partners Fund LP acquired a new stake in shares of MobileIron during the fourth quarter worth $185,000. Hillhouse Capital Management Ltd. acquired a new stake in shares of MobileIron during the third quarter worth $2,787,000. Bank of New York Mellon Corp raised its stake in shares of MobileIron by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 199,575 shares of the company’s stock worth $608,000 after buying an additional 10,775 shares during the last quarter. Capital World Investors raised its stake in shares of MobileIron by 25.3% in the third quarter. Capital World Investors now owns 3,044,353 shares of the company’s stock worth $8,372,000 after buying an additional 615,000 shares during the last quarter. Finally, Unterberg Capital LLC acquired a new stake in shares of MobileIron during the fourth quarter worth $1,002,000. Institutional investors and hedge funds own 48.27% of the company’s stock.

Institutional Ownership by Quarter for MobileIron (NASDAQ:MOBL)

Shares of MobileIron, Inc. (NASDAQ:MOBL) traded down 1.02% on Monday, reaching $4.85. 472,932 shares of the company’s stock were exchanged. MobileIron, Inc. has a one year low of $2.56 and a one year high of $5.00. The company’s 50 day moving average is $4.24 and its 200-day moving average is $3.65. The stock’s market cap is $362.04 million.

MobileIron (NASDAQ:MOBL) last announced its quarterly earnings results on Tuesday, February 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. MobileIron had a negative return on equity of 125.66% and a negative net margin of 40.98%. The company earned $45.50 million during the quarter, compared to the consensus estimate of $45.10 million. During the same period in the previous year, the company posted ($0.07) earnings per share. MobileIron’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts anticipate that MobileIron, Inc. will post ($0.19) EPS for the current year.

“Kettle Hill Capital Management LLC Takes Position in MobileIron, Inc. (MOBL)” was first posted by sleekmoney and is owned by of sleekmoney. If you are accessing this article on another publication, it was copied illegally and reposted in violation of international trademark & copyright laws. The original version of this article can be viewed at http://sleekmoney.com/kettle-hill-capital-management-llc-takes-position-in-mobileiron-inc-mobl/1658953.html.

A number of brokerages have recently weighed in on MOBL. Wunderlich boosted their price objective on shares of MobileIron from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Friday, October 28th. Instinet restated a “buy” rating and issued a $5.50 price objective on shares of MobileIron in a report on Saturday, January 14th. Imperial Capital restated an “outperform” rating and issued a $5.50 price objective (up from $4.50) on shares of MobileIron in a report on Wednesday, February 8th. Zacks Investment Research lowered shares of MobileIron from a “buy” rating to a “hold” rating in a report on Thursday, December 29th. Finally, Northland Securities restated an “outperform” rating and issued a $6.00 price objective on shares of MobileIron in a report on Sunday, November 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. MobileIron currently has an average rating of “Hold” and a consensus target price of $4.81.

MobileIron Company Profile

MobileIron, Inc, formerly Mobile Iron, Inc, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise.

5 Day Chart for NASDAQ:MOBL

Want to see what other hedge funds are holding MOBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MobileIron, Inc. (NASDAQ:MOBL).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/kettle-hill-capital-management-llc-takes-position-in-mobileiron-inc-mobl/1658953.html

Receive News & Ratings for MobileIron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MobileIron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *