Assenagon Asset Management S.A. Buys 210,814 Shares of V2X, Inc. (NYSE:VVX)

Assenagon Asset Management S.A. grew its stake in shares of V2X, Inc. (NYSE:VVX) by 1,014.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 231,592 shares of the company’s stock after acquiring an additional 210,814 shares during the period. Assenagon Asset Management S.A. owned about 0.73% of V2X worth $11,077,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. US Bancorp DE lifted its holdings in V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after purchasing an additional 460 shares during the last quarter. Lakewood Asset Management LLC lifted its stake in shares of V2X by 8.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company’s stock valued at $345,000 after buying an additional 462 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in V2X by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company’s stock worth $347,000 after buying an additional 468 shares during the period. Rhumbline Advisers grew its stake in V2X by 4.3% in the 2nd quarter. Rhumbline Advisers now owns 20,991 shares of the company’s stock valued at $1,007,000 after buying an additional 863 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in V2X during the 3rd quarter valued at $95,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

V2X Stock Up 2.3 %

Shares of NYSE:VVX opened at $52.89 on Friday. The firm has a market capitalization of $1.67 billion, a PE ratio of 188.91 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. V2X, Inc. has a 52-week low of $37.04 and a 52-week high of $69.75. The firm has a fifty day moving average of $54.69 and a 200 day moving average of $54.61.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.22. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. As a group, research analysts anticipate that V2X, Inc. will post 4.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on VVX. The Goldman Sachs Group started coverage on V2X in a research report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target for the company. Raymond James reiterated an “outperform” rating and set a $65.00 price target (down from $72.00) on shares of V2X in a research report on Thursday, January 2nd. Robert W. Baird started coverage on shares of V2X in a research report on Friday, October 11th. They issued an “outperform” rating and a $75.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and set a $80.00 target price on shares of V2X in a report on Friday. Finally, BTIG Research initiated coverage on shares of V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, V2X currently has an average rating of “Moderate Buy” and a consensus target price of $66.86.

Insider Buying and Selling at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction dated 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 sale, the general counsel now owns 10,634 shares of the company’s stock, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

About V2X

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.