CreativeOne Wealth LLC Buys 1,992 Shares of Verra Mobility Co. (NASDAQ:VRRM)

CreativeOne Wealth LLC grew its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,720 shares of the company’s stock after buying an additional 1,992 shares during the quarter. CreativeOne Wealth LLC’s holdings in Verra Mobility were worth $840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after acquiring an additional 36,585 shares during the last quarter. Barclays PLC boosted its stake in shares of Verra Mobility by 400.2% during the third quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after purchasing an additional 235,589 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Verra Mobility by 179.2% during the third quarter. Stifel Financial Corp now owns 57,186 shares of the company’s stock valued at $1,590,000 after purchasing an additional 36,705 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Verra Mobility during the fourth quarter worth about $2,348,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after buying an additional 1,640 shares during the period.

Verra Mobility Stock Down 0.4 %

Shares of VRRM opened at $21.31 on Friday. The stock’s 50-day moving average price is $22.69 and its two-hundred day moving average price is $24.19. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The company has a market capitalization of $3.40 billion, a PE ratio of 35.52, a PEG ratio of 2.18 and a beta of 0.91. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut their target price on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th.

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.