Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC lowered its stake in Verra Mobility Co. (NASDAQ:VRRM) by 14.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 600,000 shares of the company’s stock after selling 100,000 shares during the quarter. Verra Mobility comprises about 1.4% of Telemark Asset Management LLC’s holdings, making the stock its 21st biggest position. Telemark Asset Management LLC’s holdings in Verra Mobility were worth $14,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after acquiring an additional 36,585 shares during the last quarter. Barclays PLC lifted its holdings in Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after acquiring an additional 235,589 shares during the last quarter. State Street Corp lifted its holdings in Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after acquiring an additional 357,078 shares during the last quarter. Braun Stacey Associates Inc. lifted its holdings in Verra Mobility by 148.0% in the 3rd quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock valued at $12,234,000 after acquiring an additional 262,509 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Verra Mobility by 73.0% in the 3rd quarter. Citigroup Inc. now owns 222,910 shares of the company’s stock valued at $6,199,000 after acquiring an additional 94,073 shares during the last quarter.

Verra Mobility Price Performance

NASDAQ VRRM opened at $19.76 on Thursday. The stock’s 50-day moving average price is $24.99 and its two-hundred day moving average price is $25.29. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The company has a market cap of $3.26 billion, a PE ratio of 32.93, a PEG ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03.

About Verra Mobility

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.