Premier Fund Managers Ltd Reduces Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Premier Fund Managers Ltd trimmed its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,682 shares of the company’s stock after selling 6,596 shares during the quarter. Premier Fund Managers Ltd’s holdings in Verra Mobility were worth $1,318,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of VRRM. PNC Financial Services Group Inc. lifted its position in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock valued at $154,000 after acquiring an additional 409 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Verra Mobility by 2.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company’s stock valued at $443,000 after buying an additional 448 shares during the last quarter. Tealwood Asset Management Inc. grew its stake in shares of Verra Mobility by 1.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after acquiring an additional 592 shares during the period. Exchange Traded Concepts LLC raised 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 valued at $693,000 after buying an additional 725 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in Verra Mobility by 3.1% in the third quarter. Integrated Wealth Concepts LLC now owns 27,813 shares of the company’s stock valued at $774,000 after acquiring an additional 844 shares during the period.

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $20.80 on Friday. The firm has a market capitalization of $3.32 billion, a PE ratio of 34.67, a PEG ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The stock’s fifty day moving average is $24.13 and its 200 day moving average is $24.81. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley dropped 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 report on Thursday.

Verra Mobility Company 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.