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

Xponance Inc. increased its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,865 shares of the company’s stock after acquiring an additional 1,025 shares during the period. Xponance Inc.’s holdings in Verra Mobility were worth $287,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VRRM. Smartleaf Asset Management LLC grew its holdings in Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after purchasing an additional 1,640 shares during the last quarter. Avanza Fonder AB bought a new stake in shares of Verra Mobility during the 4th quarter worth $74,000. Arcadia Investment Management Corp MI acquired a new position in Verra Mobility in the 4th quarter valued at $129,000. PNC Financial Services Group Inc. raised its holdings in Verra Mobility by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after acquiring an additional 409 shares during the period. Finally, KBC Group NV lifted its position in Verra Mobility by 61.9% during the 4th quarter. KBC Group NV now owns 7,090 shares of the company’s stock worth $171,000 after acquiring an additional 2,710 shares during the last quarter.

Verra Mobility Trading Down 1.1 %

Shares of VRRM stock opened at $20.80 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $3.32 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The firm’s fifty day simple moving average is $24.13 and its 200 day simple moving average is $24.81. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03.

Analyst Upgrades and Downgrades

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

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.