Y Intercept Hong Kong Ltd Raises Position in Verra Mobility Corp $VRRM

Y Intercept Hong Kong Ltd grew its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 233.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 108,334 shares of the company’s stock after buying an additional 75,822 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Verra Mobility were worth $2,676,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Verra Mobility by 14.3% in the 1st quarter. Royal Bank of Canada now owns 148,464 shares of the company’s stock valued at $3,342,000 after buying an additional 18,562 shares during the period. AQR Capital Management LLC raised its holdings in shares of Verra Mobility by 21.7% in the 1st quarter. AQR Capital Management LLC now owns 34,501 shares of the company’s stock valued at $777,000 after purchasing an additional 6,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Verra Mobility by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,120 shares of the company’s stock worth $2,209,000 after purchasing an additional 4,302 shares during the last quarter. Millennium Management LLC grew its stake in shares of Verra Mobility by 208.0% during the first quarter. Millennium Management LLC now owns 375,421 shares of the company’s stock worth $8,451,000 after purchasing an additional 253,529 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Verra Mobility by 33.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock valued at $26,614,000 after buying an additional 293,082 shares during the last quarter.

Verra Mobility Price Performance

VRRM traded down $0.04 during trading on Wednesday, reaching $20.00. 25,719 shares of the stock were exchanged, compared to its average volume of 1,156,481. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 62.45, a P/E/G ratio of 3.26 and a beta of 0.60. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35. Verra Mobility Corp has a 1 year low of $19.51 and a 1 year high of $26.98. The business’s 50 day moving average price is $22.02 and its two-hundred day moving average price is $23.47.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. Verra Mobility had a net margin of 5.42% and a return on equity of 60.72%. The firm had revenue of $261.94 million for the quarter, compared to analysts’ expectations of $237.68 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was up 16.1% on a year-over-year basis. As a group, equities research analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. started coverage on Verra Mobility in a report on Monday. They issued a “neutral” rating and a $25.00 price objective on the stock. UBS Group boosted their price target on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.25.

Verra Mobility Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.