Zurcher Kantonalbank Zurich Cantonalbank Has $167,000 Holdings in V2X, Inc. (NYSE:VVX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in V2X, Inc. (NYSE:VVX) by 101.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,588 shares of the company’s stock after purchasing an additional 1,805 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in V2X were worth $167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Eagle Investment Management LLC increased its stake in V2X by 22.7% in the third quarter. First Eagle Investment Management LLC now owns 175,129 shares of the company’s stock valued at $9,047,000 after purchasing an additional 32,354 shares in the last quarter. FMR LLC lifted its holdings in shares of V2X by 15.4% in the 3rd quarter. FMR LLC now owns 3,026,115 shares of the company’s stock worth $156,329,000 after purchasing an additional 402,753 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in V2X in the 3rd quarter valued at $4,048,000. Rice Hall James & Associates LLC raised its holdings in V2X by 19.1% during the third quarter. Rice Hall James & Associates LLC now owns 56,826 shares of the company’s stock worth $2,936,000 after buying an additional 9,121 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of V2X in the third quarter valued at $1,433,000. 95.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VVX shares. JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of V2X in a report on Wednesday, March 6th. Royal Bank of Canada raised their target price on V2X from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus increased their price target on V2X from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Wednesday.

V2X Price Performance

Shares of NYSE VVX opened at $49.93 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.57 billion, a PE ratio of -67.47 and a beta of 0.68. The stock’s 50 day moving average price is $46.10 and its 200-day moving average price is $43.82. V2X, Inc. has a twelve month low of $37.04 and a twelve month high of $56.75.

V2X (NYSE:VVX) last announced its earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.15. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $973.17 million. V2X had a positive return on equity of 11.95% and a negative net margin of 0.57%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. On average, equities analysts anticipate that V2X, Inc. will post 4.09 EPS for the current year.

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.