Assenagon Asset Management S.A. Has $3.50 Million Stake in V2X, Inc. (NYSE:VVX)

Assenagon Asset Management S.A. trimmed its stake in V2X, Inc. (NYSE:VVX - Free Report) by 69.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,321 shares of the company's stock after selling 160,271 shares during the quarter. Assenagon Asset Management S.A. owned 0.23% of V2X worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Point72 Asset Management L.P. bought a new stake in shares of V2X in the 4th quarter valued at approximately $818,000. Jump Financial LLC bought a new stake in V2X in the fourth quarter worth $831,000. Invesco Ltd. raised its holdings in 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 buying an additional 17,232 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of V2X by 162.7% during the 4th quarter. Two Sigma Investments LP now owns 61,633 shares of the company's stock worth $2,948,000 after acquiring an additional 38,169 shares in the last quarter. Finally, Bullseye Asset Management LLC bought a new position in shares of V2X in the 4th quarter valued at approximately $2,492,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.

V2X Stock Performance

Shares of NYSE:VVX traded up $0.40 on Thursday, hitting $44.94. 243,064 shares of the company were exchanged, compared to its average volume of 209,112. The company's 50 day moving average price is $47.62 and its two-hundred day moving average price is $49.18. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 0.49 and a beta of 0.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.16. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75.

V2X (NYSE:VVX - Get Free Report) last released 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. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. V2X had a return on equity of 13.97% and a net margin of 0.96%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business earned $0.90 earnings per share. Research analysts expect that V2X, Inc. will post 4.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial dropped their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Morgan Stanley assumed coverage on shares of V2X in a research report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 target price for the company. Raymond James Financial decreased their price target on shares of V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Finally, Royal Bank Of Canada dropped their price objective on V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. Two 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $63.67.

Insider Transactions at V2X

In other news, SVP Richard L. Jr. Caputo sold 2,200 shares of V2X stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $46.85, for a total transaction of $103,070.00. Following the sale, the senior vice president now directly owns 19,869 shares in the company, valued at approximately $930,862.65. The trade was a 9.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

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.