SG Americas Securities LLC Buys New Stake in Verra Mobility Corp (NASDAQ:VRRM)

SG Americas Securities LLC bought a new stake in shares of Verra Mobility Corp (NASDAQ:VRRM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 30,404 shares of the company’s stock, valued at approximately $425,000.

Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Verra Mobility by 317.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the company’s stock valued at $27,000 after acquiring an additional 1,449 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Verra Mobility by 48.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,840 shares of the company’s stock valued at $98,000 after acquiring an additional 2,239 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Verra Mobility during the 3rd quarter valued at $208,000. Sciencast Management LP acquired a new position in shares of Verra Mobility during the 4th quarter valued at $309,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Verra Mobility during the 2nd quarter valued at $447,000. Institutional investors and hedge funds own 68.36% of the company’s stock.

Several research firms recently weighed in on VRRM. Credit Suisse Group began coverage on shares of Verra Mobility in a report on Thursday, January 23rd. They set an “outperform” rating and a $17.50 target price on the stock. Morgan Stanley began coverage on shares of Verra Mobility in a report on Monday, October 28th. They set an “overweight” rating and a $18.50 target price on the stock. Zacks Investment Research lowered shares of Verra Mobility from a “hold” rating to a “sell” rating in a report on Saturday, February 8th. Finally, ValuEngine lowered shares of Verra Mobility from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Verra Mobility currently has an average rating of “Hold” and a consensus price target of $16.01.

VRRM stock traded up $0.07 during trading on Friday, reaching $16.70. The stock had a trading volume of 2,082 shares, compared to its average volume of 1,280,786. Verra Mobility Corp has a 1-year low of $10.06 and a 1-year high of $16.87. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $2.57 billion, a P/E ratio of -24.93 and a beta of 0.34. The firm has a fifty day moving average price of $15.26 and a 200 day moving average price of $14.49.

In other news, Director Platinum Equity Llc sold 17,250,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $14.10, for a total value of $243,225,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Rebecca Collins sold 5,750 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $16.00, for a total transaction of $92,000.00. Following the completion of the sale, the general counsel now owns 11,500 shares in the company, valued at approximately $184,000. The disclosure for this sale can be found here. Insiders sold a total of 17,261,719 shares of company stock worth $243,406,595 in the last quarter. 0.72% of the stock is currently owned by company insiders.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.

Further Reading: Diversification

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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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