Verra Mobility Corp $VRRM Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,550 shares of the company’s stock after selling 5,100 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Verra Mobility were worth $1,182,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VRRM. GAMMA Investing LLC grew its stake in shares of Verra Mobility by 11.6% in the second quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock worth $105,000 after purchasing an additional 430 shares in the last quarter. Farther Finance Advisors LLC grew its position in Verra Mobility by 46.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after buying an additional 460 shares in the last quarter. Xponance Inc. increased its stake in Verra Mobility by 4.9% during the 1st quarter. Xponance Inc. now owns 12,451 shares of the company’s stock valued at $280,000 after buying an additional 586 shares during the period. Townsquare Capital LLC raised its position in shares of Verra Mobility by 5.9% during the 1st quarter. Townsquare Capital LLC now owns 12,110 shares of the company’s stock worth $273,000 after buying an additional 674 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Verra Mobility by 2.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 38,004 shares of the company’s stock worth $965,000 after acquiring an additional 728 shares during the period.

Verra Mobility Price Performance

NASDAQ VRRM opened at $23.95 on Monday. Verra Mobility Corp has a 1 year low of $19.51 and a 1 year high of $27.20. The business’s fifty day moving average is $24.47 and its two-hundred day moving average is $24.10. The stock has a market capitalization of $3.82 billion, a P/E ratio of 99.80, a P/E/G ratio of 2.80 and a beta of 0.77. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $236.03 million during the quarter, compared to analyst estimates of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The company’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. On average, research analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on VRRM shares. Robert W. Baird boosted their target price on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Verra Mobility in a report on Friday. Finally, Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Verra Mobility presently has an average rating of “Moderate Buy” and a consensus target price of $27.88.

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.