Verra Mobility Co. (NASDAQ:VRRM) Stock Position Lowered by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 20.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,650 shares of the company's stock after selling 13,625 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Verra Mobility were worth $1,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D lifted its holdings in shares of Verra Mobility by 26.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 91,228 shares of the company's stock valued at $2,206,000 after purchasing an additional 19,177 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Verra Mobility by 24.9% during the fourth quarter. New York State Teachers Retirement System now owns 78,842 shares of the company's stock worth $1,906,000 after purchasing an additional 15,719 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Verra Mobility by 17.9% in the 4th quarter. DAVENPORT & Co LLC now owns 1,603,342 shares of the company's stock worth $38,641,000 after buying an additional 243,723 shares in the last quarter. Ausbil Investment Management Ltd purchased a new stake in shares of Verra Mobility in the fourth quarter valued at about $223,000. Finally, KBC Group NV lifted its stake in Verra Mobility by 61.9% in the 4th quarter. KBC Group NV now owns 7,090 shares of the company's stock valued at $171,000 after buying an additional 2,710 shares in the last quarter.

Verra Mobility Stock Down 1.6 %

Shares of NASDAQ:VRRM traded down $0.41 during trading on Friday, hitting $25.72. The company's stock had a trading volume of 506,530 shares, compared to its average volume of 929,541. The company has a market capitalization of $4.24 billion, a PE ratio of 42.87, a PEG ratio of 2.21 and a beta of 1.24. Verra Mobility Co. has a fifty-two week low of $20.26 and a fifty-two week high of $31.03. The stock's 50-day moving average price is $25.24 and its two-hundred day moving average price is $25.74. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VRRM shares. Robert W. Baird reduced their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Morgan Stanley lowered their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Friday, November 1st.

Verra Mobility Profile

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.