WINTON GROUP Ltd Has $462,000 Holdings in Verra Mobility Co. (NASDAQ:VRRM)

WINTON GROUP Ltd cut its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 44.3% in the second quarter, HoldingsChannel reports. The fund owned 30,038 shares of the company’s stock after selling 23,862 shares during the quarter. WINTON GROUP Ltd’s holdings in Verra Mobility were worth $462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Prudential Financial Inc. boosted its position in Verra Mobility by 6.9% during the 1st quarter. Prudential Financial Inc. now owns 11,080 shares of the company’s stock worth $150,000 after acquiring an additional 720 shares during the period. US Bancorp DE boosted its position in Verra Mobility by 1,097.0% during the 2nd quarter. US Bancorp DE now owns 1,604 shares of the company’s stock worth $25,000 after acquiring an additional 1,470 shares during the period. Wrapmanager Inc. boosted its position in Verra Mobility by 5.1% during the 2nd quarter. Wrapmanager Inc. now owns 38,437 shares of the company’s stock worth $591,000 after acquiring an additional 1,862 shares during the period. Synovus Financial Corp boosted its position in Verra Mobility by 1.7% during the 1st quarter. Synovus Financial Corp now owns 128,253 shares of the company’s stock worth $1,734,000 after acquiring an additional 2,091 shares during the period. Finally, Equitable Trust Co. boosted its position in Verra Mobility by 9.6% during the 2nd quarter. Equitable Trust Co. now owns 23,799 shares of the company’s stock worth $366,000 after acquiring an additional 2,091 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Shares of VRRM stock opened at $14.73 on Wednesday. The stock’s 50 day simple moving average is $15.26 and its 200 day simple moving average is $14.78. The company has a debt-to-equity ratio of 3.05, a quick ratio of 3.95 and a current ratio of 3.95. Verra Mobility Co. has a twelve month low of $9.16 and a twelve month high of $17.50. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 46.03 and a beta of 1.50.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Sunday, August 8th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). Verra Mobility had a net margin of 0.08% and a return on equity of 16.49%. The company had revenue of $128.66 million during the quarter, compared to the consensus estimate of $115.94 million. On average, analysts forecast that Verra Mobility Co. will post 0.46 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Credit Suisse Group lifted their price target on Verra Mobility from $17.00 to $18.50 and gave the company an “outperform” rating in a report on Wednesday, August 11th. Morgan Stanley lifted their price target on Verra Mobility from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, August 10th. Finally, Zacks Investment Research upgraded Verra Mobility from a “sell” rating to a “hold” rating in a report on Wednesday, August 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $16.70.

In other Verra Mobility news, Director Platinum Equity Llc sold 8,000,000 shares of Verra Mobility stock in a transaction that occurred on Friday, August 20th. The stock was sold at an average price of $14.60, for a total value of $116,800,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Patricia Chiodo sold 80,000 shares of Verra Mobility stock in a transaction that occurred on Thursday, August 12th. The stock was sold at an average price of $15.93, for a total value of $1,274,400.00. The disclosure for this sale can be found here. Insiders sold a total of 9,285,750 shares of company stock worth $135,686,400 over the last three months. 1.10% of the stock is owned by company insiders.

About Verra Mobility

Verra Mobility Corp. engages in the provision of smart mobility technology solutions and services. It operates through the Government Solutions and Commercial Services segments. The Government Solutions segment delivers traffic law enforcement services and products to state and local governments. The Commercial Services segment offers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities.

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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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