SG Americas Securities LLC Increases Stock Holdings in V2X, Inc. (NYSE:VVX)

SG Americas Securities LLC lifted its stake in shares of V2X, Inc. (NYSE:VVX) by 94.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,946 shares of the company’s stock after buying an additional 3,382 shares during the quarter. SG Americas Securities LLC’s holdings in V2X were worth $332,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VVX. FMR LLC lifted its stake in V2X by 17.2% in the third quarter. FMR LLC now owns 2,997,474 shares of the company’s stock valued at $167,439,000 after buying an additional 439,852 shares during the last quarter. Zimmer Partners LP purchased a new stake in V2X in the 3rd quarter valued at $14,659,000. Assenagon Asset Management S.A. raised its position in V2X by 1,014.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock valued at $11,077,000 after purchasing an additional 210,814 shares during the last quarter. Simcoe Capital Management LLC acquired a new stake in V2X during the 3rd quarter worth $11,604,000. Finally, Systematic Financial Management LP grew its position in V2X by 43.5% during the 3rd quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock worth $22,407,000 after purchasing an additional 121,635 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Robert W. Baird initiated coverage on shares of V2X in a report on Friday, October 11th. They issued an “outperform” rating and a $75.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $58.00 target price (down from $70.00) on shares of V2X in a research note on Thursday, December 19th. BTIG Research began coverage on V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 price target for the company. Finally, Baird R W raised V2X to a “strong-buy” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, V2X has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

Insiders Place Their Bets

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of the transaction, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

V2X Trading Up 0.7 %

Shares of VVX stock opened at $51.63 on Wednesday. The business’s fifty day moving average price is $52.65 and its 200 day moving average price is $54.92. The firm has a market capitalization of $1.63 billion, a PE ratio of 184.40, a P/E/G ratio of 0.58 and a beta of 0.60. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. V2X, Inc. has a 1-year low of $37.04 and a 1-year high of $69.75.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. As a group, sell-side analysts forecast that V2X, Inc. will post 4.16 EPS for the current fiscal year.

V2X Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.