Cornerstone Investment Partners LLC Purchases 5,871 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Cornerstone Investment Partners LLC increased its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 39.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,818 shares of the company’s stock after acquiring an additional 5,871 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Verra Mobility were worth $503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares in the last quarter. Tealwood Asset Management Inc. increased its stake in Verra Mobility by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after purchasing an additional 592 shares in the last quarter. RiverPark Advisors LLC increased its stake in Verra Mobility by 3.5% during the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock worth $534,000 after purchasing an additional 642 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Verra Mobility by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 28,645 shares of the company’s stock worth $693,000 after purchasing an additional 725 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Verra Mobility by 192.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after purchasing an additional 745 shares in the last quarter.

Verra Mobility Price Performance

NASDAQ VRRM opened at $22.96 on Tuesday. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.18 and a beta of 1.24. Verra Mobility Co. has a 52-week low of $21.29 and a 52-week high of $31.03. The business has a 50 day simple moving average of $25.42 and a 200 day simple moving average of $25.60. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

About Verra Mobility

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.