Cubist Systematic Strategies LLC Has $3.59 Million Holdings in V2X, Inc. $VVX

Key Points

• Cubist Systematic Strategies LLC reduced its stake in V2X, Inc. by 22.6%, holding 73,123 shares worth approximately $3.59 million after selling 21,299 shares in the first quarter.
• V2X reported earnings per share (EPS) of $1.33 for the latest quarter, exceeding analyst estimates of $1.00, with a revenue of $1.08 billion.
• Multiple analysts upgraded V2X with a target price ranging from $50.00 to $65.00, reflecting a consensus rating of "Moderate Buy" for the stock.

Cubist Systematic Strategies LLC reduced its position in V2X, Inc. (NYSE:VVX - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,123 shares of the company's stock after selling 21,299 shares during the period. Cubist Systematic Strategies LLC owned about 0.23% of V2X worth $3,587,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Simcoe Capital Management LLC increased its holdings in V2X by 252.8% in the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock worth $35,057,000 after buying an additional 525,204 shares during the last quarter. Nuveen LLC acquired a new position in V2X in the first quarter worth approximately $19,753,000. Pacer Advisors Inc. acquired a new position in V2X in the first quarter worth approximately $8,853,000. Victory Capital Management Inc. increased its holdings in V2X by 61.1% in the first quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock worth $23,040,000 after buying an additional 178,136 shares during the last quarter. Finally, Zimmer Partners LP increased its holdings in V2X by 48.5% in the fourth quarter. Zimmer Partners LP now owns 389,609 shares of the company's stock worth $18,635,000 after buying an additional 127,189 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

V2X Stock Performance

Shares of VVX traded up $1.12 during mid-day trading on Friday, hitting $56.57. The company's stock had a trading volume of 358,385 shares, compared to its average volume of 372,875. V2X, Inc. has a one year low of $41.08 and a one year high of $69.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $1.79 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.58 and a beta of 0.30. The stock's 50-day moving average is $52.57 and its two-hundred day moving average is $49.42.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.00 by $0.33. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%.The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 EPS. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, sell-side analysts anticipate that V2X, Inc. will post 4.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on V2X from $45.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. Stifel Nicolaus set a $63.00 price target on V2X and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Bank of America raised V2X from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $55.00 to $65.00 in a research report on Wednesday, August 13th. Finally, Wall Street Zen raised V2X from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, V2X has a consensus rating of "Moderate Buy" and an average price target of $63.36.

Insider Buying and Selling

In other V2X news, Director Dino M. Cusumano sold 2,000,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $100,000,000.00. Following the completion of the transaction, the director owned 9,700,001 shares of the company's stock, valued at $485,000,050. This represents a 17.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.88% of the stock is currently owned by company 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.