Qube Research & Technologies Ltd boosted its holdings in Metromile, Inc. (NASDAQ:MILE – Get Rating) by 156.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,016,278 shares of the company’s stock after purchasing an additional 619,688 shares during the quarter. Qube Research & Technologies Ltd owned approximately 0.79% of Metromile worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in MILE. QCM Cayman Ltd. acquired a new position in Metromile in the fourth quarter valued at $34,000. ProShare Advisors LLC purchased a new stake in Metromile during the fourth quarter valued at about $46,000. New York State Common Retirement Fund grew its position in Metromile by 131.4% during the first quarter. New York State Common Retirement Fund now owns 43,959 shares of the company’s stock valued at $58,000 after acquiring an additional 24,961 shares during the period. Asset Management One Co. Ltd. purchased a new stake in Metromile during the fourth quarter valued at about $61,000. Finally, Murchinson Ltd. purchased a new stake in Metromile during the fourth quarter valued at about $109,000. 62.46% of the stock is currently owned by institutional investors and hedge funds.
Metromile Stock Performance
MILE stock opened at $1.05 on Tuesday. The stock has a 50-day moving average price of $0.97 and a two-hundred day moving average price of $1.11. Metromile, Inc. has a 12-month low of $0.75 and a 12-month high of $7.77. The company has a market cap of $136.94 million, a PE ratio of -0.58 and a beta of 0.46.
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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