Versor Investments LP Sells 9,786 Shares of V2X, Inc. $VVX

Versor Investments LP cut its stake in shares of V2X, Inc. (NYSE:VVX) by 43.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,930 shares of the company’s stock after selling 9,786 shares during the period. Versor Investments LP’s holdings in V2X were worth $751,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Reinhart Partners LLC. increased its stake in V2X by 206.8% in the 3rd quarter. Reinhart Partners LLC. now owns 890,002 shares of the company’s stock worth $51,701,000 after acquiring an additional 599,921 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in V2X by 53.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 54,499 shares of the company’s stock valued at $3,166,000 after purchasing an additional 18,903 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of V2X by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 374,553 shares of the company’s stock worth $18,186,000 after buying an additional 10,062 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of V2X by 29.4% in the 2nd quarter. Kennedy Capital Management LLC now owns 143,785 shares of the company’s stock worth $6,981,000 after buying an additional 32,668 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd raised its position in shares of V2X by 80.7% during the 2nd quarter. Ophir Asset Management Pty Ltd now owns 613,343 shares of the company’s stock valued at $28,980,000 after buying an additional 273,977 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VVX shares. Morgan Stanley restated an “underweight” rating and set a $61.00 price objective on shares of V2X in a research report on Tuesday, December 16th. Zacks Research raised shares of V2X from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Citigroup upped their price target on shares of V2X from $62.00 to $69.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Royal Bank Of Canada raised their price objective on V2X from $54.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of V2X in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.88.

Insider Activity at V2X

In related news, Director Dino M. Cusumano sold 2,250,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total transaction of $123,750,000.00. Following the completion of the sale, the director owned 5,750,001 shares of the company’s stock, valued at $316,250,055. This represents a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder American Industrial Partners C sold 2,250,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total value of $123,750,000.00. Following the transaction, the insider directly owned 5,750,001 shares in the company, valued at approximately $316,250,055. The trade was a 28.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 5,700,000 shares of company stock valued at $313,560,000. 0.88% of the stock is currently owned by company insiders.

V2X Trading Down 1.4%

VVX opened at $68.10 on Wednesday. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $71.40. The stock has a fifty day moving average price of $61.16 and a 200-day moving average price of $57.86. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 0.62 and a beta of 0.13. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.01.

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.