XTX Topco Ltd Purchases New Stake in V2X, Inc. (NYSE:VVX)

XTX Topco Ltd purchased a new stake in shares of V2X, Inc. (NYSE:VVX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,937 shares of the company’s stock, valued at approximately $555,000.

A number of other hedge funds have also recently modified their holdings of VVX. Quest Partners LLC grew its stake in shares of V2X by 112.3% in the second quarter. Quest Partners LLC now owns 673 shares of the company’s stock worth $32,000 after purchasing an additional 356 shares during the last quarter. US Bancorp DE increased its stake in shares of V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after buying an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of V2X by 200.2% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after buying an additional 839 shares during the period. nVerses Capital LLC bought a new position in shares of V2X during the third quarter valued at approximately $95,000. Finally, SG Americas Securities LLC purchased a new stake in V2X in the third quarter worth $199,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Baird R W raised shares of V2X to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of V2X in a report on Tuesday, November 5th. JMP Securities boosted their target price on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a report on Tuesday, November 5th. Raymond James boosted their price objective on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group assumed coverage on V2X in a research note on Thursday. They set a “sell” rating and a $54.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.57.

Insider Transactions at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the transaction, the general counsel now owns 10,634 shares of the company’s stock, valued at $653,246.62. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

V2X Stock Up 0.7 %

Shares of V2X stock opened at $55.81 on Friday. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 199.33 and a beta of 0.55. V2X, Inc. has a twelve month low of $37.04 and a twelve month high of $69.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $61.55 and its 200 day moving average is $54.18.

V2X (NYSE:VVX) last posted its earnings results 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 return on equity of 13.49% and a net margin of 0.22%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. V2X’s revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that V2X, Inc. will post 4.14 EPS for the current year.

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.