Russell Investments Group Ltd. cut its position in shares of V2X, Inc. (NYSE:VVX – Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,930 shares of the company’s stock after selling 11,720 shares during the quarter. Russell Investments Group Ltd.’s holdings in V2X were worth $21,159,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Cornerstone Management Inc. acquired a new stake in shares of V2X during the first quarter worth $29,000. Metropolitan Life Insurance Co NY bought a new position in V2X during the fourth quarter worth $31,000. Amalgamated Bank bought a new position in V2X during the fourth quarter worth $62,000. Wells Fargo & Company MN bought a new position in V2X during the fourth quarter worth $84,000. Finally, Citigroup Inc. bought a new position in V2X during the fourth quarter worth $140,000. 95.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently issued reports on VVX. JMP Securities began coverage on shares of V2X in a research note on Monday, November 13th. They set an “outperform” rating and a $65.00 target price on the stock. Raymond James cut their target price on shares of V2X from $65.00 to $60.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 7th. Finally, Royal Bank of Canada cut their target price on shares of V2X from $62.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 7th.
V2X Stock Down 1.2 %
V2X stock opened at $41.90 on Tuesday. V2X, Inc. has a 1-year low of $36.45 and a 1-year high of $56.75. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -39.16 and a beta of 0.95. The firm’s fifty day moving average price is $49.25 and its two-hundred day moving average price is $48.28. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.17.
V2X (NYSE:VVX – Get Free Report) last released its quarterly earnings data on Monday, November 6th. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). V2X had a negative net margin of 0.84% and a positive return on equity of 11.00%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $966.66 million. During the same period last year, the business posted $1.33 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that V2X, Inc. will post 3.65 earnings per share for the current fiscal year.
V2X, Inc provides critical mission solutions and support services to defense clients in the United States and internationally. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, and civilian clients.
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