Metromile, Inc. (NASDAQ:MILE) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in shares of Metromile, Inc. (NASDAQ:MILEGet Rating) by 11.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,045,316 shares of the company’s stock after acquiring an additional 108,057 shares during the period. Verition Fund Management LLC’s holdings in Metromile were worth $1,380,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Metromile by 14.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 119,788 shares of the company’s stock valued at $158,000 after buying an additional 14,865 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Metromile by 131.4% in the first quarter. New York State Common Retirement Fund now owns 43,959 shares of the company’s stock valued at $58,000 after buying an additional 24,961 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Metromile by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 574,247 shares of the company’s stock worth $759,000 after purchasing an additional 28,914 shares during the last quarter. Bank of New York Mellon Corp increased its position in Metromile by 11.9% during the first quarter. Bank of New York Mellon Corp now owns 331,885 shares of the company’s stock worth $438,000 after purchasing an additional 35,215 shares during the last quarter. Finally, Prelude Capital Management LLC increased its position in Metromile by 45.6% during the first quarter. Prelude Capital Management LLC now owns 115,574 shares of the company’s stock worth $153,000 after purchasing an additional 36,177 shares during the last quarter. 62.46% of the stock is currently owned by institutional investors and hedge funds.

Metromile Stock Performance

Metromile stock opened at $1.05 on Wednesday. Metromile, Inc. has a 12-month low of $0.75 and a 12-month high of $7.77. The stock has a market cap of $136.94 million, a P/E ratio of -0.58 and a beta of 0.46. The company has a 50-day moving average price of $1.04 and a 200 day moving average price of $1.05.

Metromile Profile

(Get Rating)

Metromile, Inc provides insurance policies for automobile owners in the United States. It operates through two segments, Insurance Services and Enterprise Business Solutions. The company offers pay-per-mile auto insurance policies. It also provides The Pulse, a device that plugs into the diagnostic port of its customer's car and transmits data, such as miles driven, driving habits, phone use, speeding, hard braking, accelerating, cornering, and location over wireless cellular networks.

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Institutional Ownership by Quarter for Metromile (NASDAQ:MILE)

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