Assenagon Asset Management S.A. Trims Position in V2X, Inc. (NYSE:VVX)

Assenagon Asset Management S.A. lessened its holdings in shares of V2X, Inc. (NYSE:VVX) by 69.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,321 shares of the company’s stock after selling 160,271 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.23% of V2X worth $3,498,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new stake in V2X in the 4th quarter valued at $818,000. Jump Financial LLC acquired a new stake in V2X in the 4th quarter valued at $831,000. Invesco Ltd. grew its stake in shares of V2X by 8.2% during the fourth quarter. Invesco Ltd. now owns 226,305 shares of the company’s stock valued at $10,824,000 after acquiring an additional 17,232 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of V2X by 162.7% during the fourth quarter. Two Sigma Investments LP now owns 61,633 shares of the company’s stock valued at $2,948,000 after acquiring an additional 38,169 shares in the last quarter. Finally, Bullseye Asset Management LLC acquired a new stake in shares of V2X during the fourth quarter valued at about $2,492,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

V2X Stock Performance

Shares of VVX stock opened at $44.55 on Monday. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The firm has a 50-day moving average of $47.84 and a 200-day moving average of $49.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $1.41 billion, a P/E ratio of 159.11, a P/E/G ratio of 0.61 and a beta of 0.21.

V2X (NYSE:VVX) last issued its earnings results on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned $0.90 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts forecast that V2X, Inc. will post 4.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on VVX. Royal Bank of Canada decreased their price target on V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Raymond James decreased their target price on V2X from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Morgan Stanley started coverage on V2X in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 target price for the company. Finally, Truist Financial decreased their target price on V2X from $68.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.67.

Insider Buying and Selling

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $44.43, for a total transaction of $177,720.00. Following the transaction, the senior vice president now owns 15,869 shares in the company, valued at approximately $705,059.67. This represents a 20.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

V2X Company 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.