Nuveen Asset Management LLC lowered its position in Verra Mobility Co. (NASDAQ:VRRM – Get Rating) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,743,045 shares of the company’s stock after selling 151,571 shares during the quarter. Nuveen Asset Management LLC owned 1.14% of Verra Mobility worth $26,790,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC increased its position in shares of Verra Mobility by 3.0% in the third quarter. MetLife Investment Management LLC now owns 76,843 shares of the company’s stock valued at $1,181,000 after buying an additional 2,229 shares in the last quarter. CenterBook Partners LP increased its position in shares of Verra Mobility by 28.0% in the third quarter. CenterBook Partners LP now owns 157,626 shares of the company’s stock valued at $2,423,000 after buying an additional 34,443 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Verra Mobility by 21.5% in the third quarter. Envestnet Asset Management Inc. now owns 72,663 shares of the company’s stock valued at $1,117,000 after buying an additional 12,874 shares in the last quarter. Credit Suisse AG increased its position in shares of Verra Mobility by 63.0% in the third quarter. Credit Suisse AG now owns 556,371 shares of the company’s stock valued at $8,551,000 after buying an additional 214,961 shares in the last quarter. Finally, ExodusPoint Capital Management LP increased its position in shares of Verra Mobility by 121.8% in the third quarter. ExodusPoint Capital Management LP now owns 256,541 shares of the company’s stock valued at $3,943,000 after buying an additional 140,857 shares in the last quarter.
Verra Mobility Stock Down 2.1 %
VRRM opened at $16.86 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.97 and a debt-to-equity ratio of 6.18. The firm has a market cap of $2.53 billion, a P/E ratio of 35.13 and a beta of 1.21. Verra Mobility Co. has a 52 week low of $12.70 and a 52 week high of $17.60. The business’s fifty day simple moving average is $15.07 and its 200 day simple moving average is $15.47.
Insider Activity at Verra Mobility
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on VRRM shares. Morgan Stanley dropped their price target on Verra Mobility from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, November 3rd. Credit Suisse Group decreased their price objective on Verra Mobility from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 8th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.75.
Verra Mobility Profile
Verra Mobility Corp. engages in the provision of smart mobility technology solutions and services. It operates through the following segments: Government Solutions, Commercial Services, and Parking Solutions. The Government Solutions segment delivers traffic law enforcement services and products to state and local governments.
Featured Stories
- Get a free copy of the StockNews.com research report on Verra Mobility (VRRM)
- Jack in the Box Pops On Tasty Results, Robust Outlook
- How Low Can Lowe’s Companies Go?
- Ambarella: An AI Play In The Making
- Terran Orbital’s New $2.4 Billion Contract is a Game Changer
- Wendy’s Price Firms After Sizzling Quarter And Juicy Outlook
Want to see what other hedge funds are holding VRRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verra Mobility Co. (NASDAQ:VRRM – Get Rating).
Receive News & Ratings for Verra Mobility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verra Mobility and related companies with MarketBeat.com's FREE daily email newsletter.
