AlphaQuest LLC Sells 125,832 Shares of Verra Mobility Co. (NASDAQ:VRRM)

AlphaQuest LLC lessened its stake in Verra Mobility Co. (NASDAQ:VRRM) by 94.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,935 shares of the company’s stock after selling 125,832 shares during the quarter. AlphaQuest LLC’s holdings in Verra Mobility were worth $168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in Verra Mobility by 13.2% in the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock valued at $224,310,000 after purchasing an additional 941,127 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Verra Mobility by 0.6% in the third 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 in the last quarter. State Street Corp increased its holdings in shares of Verra Mobility by 6.0% in the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after acquiring an additional 357,078 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Verra Mobility by 5.0% in the fourth quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company’s stock worth $101,938,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Verra Mobility by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock worth $108,612,000 after acquiring an additional 17,688 shares in the last quarter.

Verra Mobility Stock Up 2.3 %

Shares of Verra Mobility stock opened at $20.66 on Monday. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. The business has a 50-day moving average of $24.84 and a two-hundred day moving average of $25.17. The company has a market capitalization of $3.30 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

Verra Mobility 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.