Verition Fund Management LLC Buys Shares of 11,183 V2X, Inc. (NYSE:VVX)

Verition Fund Management LLC purchased a new stake in shares of V2X, Inc. (NYSE:VVX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,183 shares of the company’s stock, valued at approximately $625,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in shares of V2X by 17.2% during the 3rd quarter. FMR LLC now owns 2,997,474 shares of the company’s stock worth $167,439,000 after purchasing an additional 439,852 shares during the period. Systematic Financial Management LP lifted its holdings in V2X by 152.7% during the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company’s stock worth $13,404,000 after buying an additional 168,886 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in V2X during the 2nd quarter worth about $6,982,000. Dimensional Fund Advisors LP boosted its position in shares of V2X by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after acquiring an additional 87,741 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of V2X by 243.3% during the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock worth $3,532,000 after acquiring an additional 52,197 shares in the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Trading Up 1.1 %

V2X stock opened at $59.48 on Wednesday. The stock has a 50-day moving average price of $61.60 and a 200 day moving average price of $54.07. V2X, Inc. has a 52 week low of $37.04 and a 52 week high of $69.75. The stock has a market cap of $1.88 billion, a PE ratio of 212.41 and a beta of 0.55. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. Equities research analysts predict that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VVX shares. Robert W. Baird began coverage on shares of V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price objective for the company. BTIG Research began coverage on shares of V2X in a research note on Monday, November 25th. They issued a “buy” rating and a $80.00 price objective for the company. Baird R W upgraded V2X to a “strong-buy” rating in a research report on Friday, October 11th. Raymond James boosted their target price on V2X from $60.00 to $72.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $70.00 price target on shares of V2X in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $72.17.

Insiders Place Their Bets

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the transaction, the general counsel now owns 10,634 shares of the company’s stock, valued at $653,246.62. This represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.