Xponance Inc. Has $287,000 Stake in Verra Mobility Co. (NASDAQ:VRRM)

Xponance Inc. raised its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,865 shares of the company’s stock after purchasing an additional 1,025 shares during the quarter. Xponance Inc.’s holdings in Verra Mobility were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VRRM. Natixis Advisors LLC raised its position in Verra Mobility by 61.9% during the third quarter. Natixis Advisors LLC now owns 19,059 shares of the company’s stock valued at $530,000 after buying an additional 7,285 shares during the period. Intech Investment Management LLC acquired a new position in shares of Verra Mobility in the 3rd quarter valued at about $924,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Verra Mobility by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,719,661 shares of the company’s stock valued at $47,824,000 after purchasing an additional 37,131 shares during the period. Citigroup Inc. lifted its position in shares of Verra Mobility by 73.0% in the third quarter. Citigroup Inc. now owns 222,910 shares of the company’s stock worth $6,199,000 after purchasing an additional 94,073 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Verra Mobility during the third quarter worth approximately $1,719,000.

Verra Mobility Stock Down 1.1 %

VRRM opened at $20.80 on Friday. The company has a market capitalization of $3.32 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The business has a 50-day moving average of $24.13 and a 200-day moving average of $24.81.

Analyst Ratings Changes

Separately, Morgan Stanley cut their target price on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday.

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.