Fox Run Management L.L.C. acquired a new position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,282 shares of the company's stock, valued at approximately $297,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after acquiring an additional 1,640 shares in the last quarter. Avanza Fonder AB bought a new position in shares of Verra Mobility in the fourth quarter worth $74,000. Arcadia Investment Management Corp MI acquired a new position in shares of Verra Mobility during the fourth quarter valued at $129,000. PNC Financial Services Group Inc. raised its stake in shares of Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Verra Mobility by 61.9% during the fourth quarter. KBC Group NV now owns 7,090 shares of the company's stock valued at $171,000 after purchasing an additional 2,710 shares in the last quarter.
Verra Mobility Price Performance
NASDAQ:VRRM traded up $0.11 during midday trading on Monday, hitting $20.30. 360,204 shares of the stock were exchanged, compared to its average volume of 1,105,769. The business has a 50-day moving average price of $24.03 and a two-hundred day moving average price of $24.74. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a one year low of $19.51 and a one year high of $31.03.
Analysts Set New Price Targets
Separately, Morgan Stanley lowered their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday.
View Our Latest Research Report on Verra Mobility
About Verra Mobility
(
Free Report)
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.
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