Cubist Systematic Strategies LLC Buys Shares of 94,422 V2X, Inc. (NYSE:VVX)

Cubist Systematic Strategies LLC purchased a new stake in V2X, Inc. (NYSE:VVX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 94,422 shares of the company's stock, valued at approximately $4,516,000. Cubist Systematic Strategies LLC owned approximately 0.30% of V2X as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its holdings in V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after purchasing an additional 288 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in V2X by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock worth $114,000 after purchasing an additional 814 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in V2X in the fourth quarter worth $134,000. Aquatic Capital Management LLC acquired a new stake in V2X in the fourth quarter worth $171,000. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in V2X by 15.3% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock worth $201,000 after purchasing an additional 558 shares during the period. 95.18% of the stock is currently owned by institutional investors and hedge funds.

V2X Stock Performance

Shares of VVX traded up $0.23 during midday trading on Thursday, reaching $52.07. The stock had a trading volume of 44,975 shares, compared to its average volume of 188,428. The firm has a 50 day simple moving average of $49.22 and a 200-day simple moving average of $51.99. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The firm has a market cap of $1.65 billion, a PE ratio of 185.97, a P/E/G ratio of 0.61 and a beta of 0.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The business's revenue was up .5% on a year-over-year basis. As a group, sell-side analysts anticipate that V2X, Inc. will post 4.16 EPS for the current year.

Analyst Upgrades and Downgrades

VVX has been the subject of several research reports. Truist Financial lowered their price objective on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, April 14th. JMP Securities reissued a "market outperform" rating and set a $80.00 price objective on shares of V2X in a research report on Friday, January 17th. Royal Bank of Canada decreased their target price on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Citigroup began coverage on shares of V2X in a research report on Tuesday, January 21st. They issued a "buy" rating and a $64.00 target price for the company. Finally, Raymond James decreased their target price on shares of V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, V2X has an average rating of "Moderate Buy" and a consensus price target of $63.67.

V2X 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.