Y Intercept Hong Kong Ltd Sells 2,758 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Y Intercept Hong Kong Ltd lessened its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 22.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,421 shares of the company’s stock after selling 2,758 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Verra Mobility were worth $228,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. grew its stake in Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after buying an additional 745 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of Verra Mobility in the fourth quarter valued at about $74,000. US Bancorp DE increased its stake in shares of Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Verra Mobility during the 4th quarter worth about $129,000. Finally, KBC Group NV boosted its stake in Verra Mobility by 61.9% during the 4th quarter. KBC Group NV now owns 7,090 shares of the company’s stock valued at $171,000 after purchasing an additional 2,710 shares during the period.

Verra Mobility Stock Performance

VRRM opened at $22.57 on Wednesday. Verra Mobility Co. has a 12-month low of $21.29 and a 12-month high of $31.03. The firm has a market capitalization of $3.72 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. The stock’s 50 day moving average price is $25.42 and its two-hundred day moving average price is $25.60. 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 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.