Y Intercept Hong Kong Ltd Invests $339,000 in Verra Mobility Co. (NASDAQ:VRRM)

Y Intercept Hong Kong Ltd bought a new stake in Verra Mobility Co. (NASDAQ:VRRM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,179 shares of the company’s stock, valued at approximately $339,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quest Partners LLC grew its stake in shares of Verra Mobility by 1,732.7% during the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after buying an additional 953 shares during the period. Signaturefd LLC grew its position in Verra Mobility by 112.4% during the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after acquiring an additional 561 shares during the period. First Horizon Advisors Inc. increased its stake in Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 745 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Verra Mobility by 713.5% in the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock worth $85,000 after purchasing an additional 2,740 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after purchasing an additional 694 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on VRRM. Morgan Stanley cut their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird cut their target price 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

Verra Mobility Stock Down 1.4 %

Shares of NASDAQ:VRRM opened at $23.96 on Wednesday. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 39.93, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. The company has a 50 day moving average of $24.69 and a two-hundred day moving average of $26.62. Verra Mobility Co. has a 52-week low of $20.26 and a 52-week high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $225.55 million during the quarter, compared to analyst estimates of $226.65 million. During the same period last year, the business earned $0.27 EPS. The business’s revenue was up 7.4% on a year-over-year basis. As a group, analysts forecast that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

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.