V2X, Inc. (NYSE:VVX) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in shares of V2X, Inc. (NYSE:VVX) by 22.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,600 shares of the company’s stock after selling 4,600 shares during the period. Renaissance Technologies LLC’s holdings in V2X were worth $748,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in VVX. Janney Montgomery Scott LLC increased its holdings in shares of V2X by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the company’s stock valued at $475,000 after buying an additional 287 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock valued at $32,000 after purchasing an additional 356 shares during the last quarter. Oak Associates Ltd. OH lifted its holdings in shares of V2X by 2.9% during the second quarter. Oak Associates Ltd. OH now owns 16,890 shares of the company’s stock valued at $810,000 after purchasing an additional 479 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in V2X by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,998 shares of the company’s stock worth $420,000 after purchasing an additional 759 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in V2X by 200.2% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock worth $60,000 after purchasing an additional 839 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $55.00 target price on shares of V2X in a report on Wednesday, August 7th.

V2X Stock Down 0.2 %

NYSE:VVX opened at $59.17 on Wednesday. The business’s fifty day moving average price is $52.28 and its 200 day moving average price is $49.45. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -455.15 and a beta of 0.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. V2X, Inc. has a 1-year low of $37.04 and a 1-year high of $59.75.

V2X (NYSE:VVX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company earned $1.01 earnings per share. V2X’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, sell-side analysts forecast that V2X, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling at V2X

In related news, CEO Jeremy C. Wensinger purchased 6,250 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the chief executive officer now owns 6,250 shares of the company’s stock, valued at $300,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jeremy C. Wensinger purchased 6,250 shares of V2X stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $48.00 per share, for a total transaction of $300,000.00. Following the acquisition, the chief executive officer now directly owns 6,250 shares in the company, valued at $300,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO William Boyd Noon purchased 1,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $48.00 per share, with a total value of $48,000.00. Following the purchase, the chief accounting officer now owns 10,931 shares in the company, valued at $524,688. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 11,936 shares of company stock valued at $572,928 in the last quarter. Company insiders own 1.10% of the company’s stock.

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.