Deutsche Bank AG bought a new stake in V2X, Inc. (NYSE:VVX – Free Report) in the second quarter, HoldingsChannel reports. The fund bought 30,767 shares of the company’s stock, valued at approximately $2,294,000.
A number of other hedge funds have also recently added to or reduced their stakes in VVX. PNC Financial Services Group Inc. increased its position in V2X by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,986 shares of the company’s stock worth $217,000 after buying an additional 165 shares during the period. Comerica Bank lifted its stake in V2X by 79.1% in the third quarter. Comerica Bank now owns 480 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of V2X by 16.6% in the fourth quarter. New York State Teachers Retirement System now owns 1,762 shares of the company’s stock valued at $96,000 after acquiring an additional 251 shares during the period. Vident Advisory LLC boosted its holdings in shares of V2X by 2.5% in the fourth quarter. Vident Advisory LLC now owns 10,778 shares of the company’s stock valued at $588,000 after acquiring an additional 261 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of V2X by 3.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 7,389 shares of the company’s stock worth $403,000 after acquiring an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.
V2X Stock Up 0.9%
Shares of NYSE:VVX opened at $78.68 on Friday. V2X, Inc. has a fifty-two week low of $50.89 and a fifty-two week high of $93.98. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.92. The firm’s 50-day simple moving average is $79.45 and its 200-day simple moving average is $74.72. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 0.61 and a beta of 0.21.
Analyst Ratings Changes
A number of brokerages have recently commented on VVX. Zacks Research cut shares of V2X from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Morgan Stanley increased their price target on shares of V2X from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Robert W. Baird reissued a “neutral” rating and set a $94.00 price objective on shares of V2X in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of V2X from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada upped their target price on shares of V2X from $70.00 to $75.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, V2X has a consensus rating of “Hold” and a consensus target price of $86.90.
Read Our Latest Research Report on VVX
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.
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