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

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of V2X, Inc. (NYSE:VVX) by 101.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,588 shares of the company’s stock after purchasing an additional 1,805 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in V2X were worth $167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. EMC Capital Management raised its stake in shares of V2X by 19.1% in the third quarter. EMC Capital Management now owns 3,915 shares of the company’s stock valued at $202,000 after purchasing an additional 627 shares in the last quarter. Barclays PLC raised its stake in shares of V2X by 10.1% in the 3rd quarter. Barclays PLC now owns 10,108 shares of the company’s stock valued at $521,000 after buying an additional 925 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of V2X by 6.5% during the 3rd quarter. New York State Common Retirement Fund now owns 17,516 shares of the company’s stock worth $905,000 after acquiring an additional 1,072 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in V2X by 24.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,239 shares of the company’s stock worth $383,000 after purchasing an additional 1,612 shares during the period. Finally, Strs Ohio bought a new stake in shares of V2X in the 4th quarter valued at approximately $78,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

V2X Stock Performance

Shares of V2X stock opened at $49.93 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.04 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $46.10 and a 200 day simple moving average of $43.82. V2X, Inc. has a fifty-two week low of $37.04 and a fifty-two week high of $56.75. The firm has a market cap of $1.57 billion, a P/E ratio of -67.47 and a beta of 0.68.

V2X (NYSE:VVX) last released its earnings results on Tuesday, May 7th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $973.17 million. V2X had a positive return on equity of 11.95% and a negative net margin of 0.57%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. Sell-side analysts predict that V2X, Inc. will post 4.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VVX has been the subject of several analyst reports. Royal Bank of Canada raised their target price on V2X from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on V2X from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of V2X in a research report on Wednesday, March 6th.

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.