Peregrine Capital Management LLC Sells 3,863 Shares of V2X, Inc. (NYSE:VVX)

Peregrine Capital Management LLC trimmed its position in shares of V2X, Inc. (NYSE:VVX) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,175 shares of the company’s stock after selling 3,863 shares during the quarter. Peregrine Capital Management LLC owned 0.34% of V2X worth $5,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of VVX. US Bancorp DE lifted its holdings in shares of V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after buying an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of V2X by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company’s stock valued at $114,000 after buying an additional 814 shares during the period. SG Americas Securities LLC purchased a new stake in shares of V2X in the 3rd quarter worth $199,000. Quadrature Capital Ltd purchased a new stake in shares of V2X in the 3rd quarter worth $207,000. Finally, Paloma Partners Management Co purchased a new stake in shares of V2X in the 3rd quarter worth $219,000. 95.18% of the stock is owned by institutional investors.

V2X Trading Down 1.4 %

Shares of V2X stock opened at $44.31 on Thursday. V2X, Inc. has a twelve month low of $37.58 and a twelve month high of $69.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $49.95 and a 200-day moving average price of $54.61. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 158.27, a PEG ratio of 0.64 and a beta of 0.60.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VVX shares. BTIG Research started coverage on V2X in a research note on Monday, November 25th. They issued a “buy” rating and a $80.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $58.00 price objective (down from $70.00) on shares of V2X in a research note on Thursday, December 19th. Citigroup started coverage on V2X in a research note on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price objective for the company. Raymond James restated an “outperform” rating and issued a $65.00 price objective (down from $72.00) on shares of V2X in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group initiated coverage on V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, V2X currently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

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.