Rice Hall James & Associates LLC Sells 456 Shares of V2X, Inc. (NYSE:VVX)

Rice Hall James & Associates LLC lowered its stake in shares of V2X, Inc. (NYSE:VVX) by 0.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,197 shares of the company’s stock after selling 456 shares during the period. Rice Hall James & Associates LLC’s holdings in V2X were worth $2,353,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its position in V2X by 1.9% during the third quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company’s stock worth $1,161,000 after purchasing an additional 394 shares during the period. US Bancorp DE boosted its position in V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock worth $57,000 after purchasing an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in V2X by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock worth $114,000 after purchasing an additional 814 shares during the period. Rhumbline Advisers boosted its position in V2X by 5.0% during the fourth quarter. Rhumbline Advisers now owns 21,239 shares of the company’s stock worth $1,016,000 after purchasing an additional 1,004 shares during the period. Finally, Martingale Asset Management L P boosted its position in V2X by 20.1% during the third quarter. Martingale Asset Management L P now owns 11,482 shares of the company’s stock worth $641,000 after purchasing an additional 1,920 shares during the period. Institutional investors own 95.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on VVX. Royal Bank of Canada reiterated a “sector perform” rating and set a $58.00 target price (down previously from $70.00) on shares of V2X in a research report on Thursday, December 19th. Raymond James restated an “outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of V2X in a research report on Thursday, January 2nd. JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of V2X in a research report on Friday, January 17th. Citigroup assumed coverage on shares of V2X in a research report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on shares of V2X in a research report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Insider Activity at V2X

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

V2X Trading Down 0.1 %

Shares of VVX opened at $44.87 on Wednesday. The firm’s 50 day simple moving average is $50.54 and its 200 day simple moving average is $54.70. The company has a market capitalization of $1.42 billion, a P/E ratio of 160.27, a P/E/G ratio of 0.64 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 $37.58 and a 1-year high of $69.75.

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.