Man Group plc Purchases Shares of 5,711 V2X, Inc. (NYSE:VVX)

Man Group plc acquired a new stake in V2X, Inc. (NYSE:VVX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,711 shares of the company's stock, valued at approximately $273,000.

Other large investors have also modified their holdings of the company. FMR LLC grew its stake in V2X by 23.8% in the 4th quarter. FMR LLC now owns 3,712,196 shares of the company's stock valued at $177,554,000 after acquiring an additional 714,722 shares during the period. Victory Capital Management Inc. purchased a new position in V2X during the fourth quarter valued at $13,947,000. Vanguard Group Inc. lifted its holdings in V2X by 19.1% during the fourth quarter. Vanguard Group Inc. now owns 898,112 shares of the company's stock valued at $42,957,000 after purchasing an additional 144,029 shares in the last quarter. Barclays PLC grew its position in shares of V2X by 416.6% in the fourth quarter. Barclays PLC now owns 143,242 shares of the company's stock valued at $6,853,000 after purchasing an additional 115,515 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of V2X during the fourth quarter worth about $4,783,000. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Trading Down 0.0%

VVX stock traded down $0.01 during midday trading on Friday, hitting $45.29. 280,605 shares of the company's stock were exchanged, compared to its average volume of 201,769. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $69.75. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.43 billion, a PE ratio of 161.76, a P/E/G ratio of 0.61 and a beta of 0.27. The business has a 50-day simple moving average of $48.71 and a two-hundred day simple moving average of $50.70.

V2X (NYSE:VVX - Get Free Report) last released its quarterly 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 during the quarter, compared to analysts' expectations of $1.04 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The company's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. On average, sell-side analysts predict that V2X, Inc. will post 4.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial decreased their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada decreased their target price on V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley started coverage on V2X in a research note on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price target on the stock. Finally, Raymond James dropped their price target on V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.67.

Insider Activity at V2X

In other V2X news, SVP Richard L. Jr. Caputo sold 2,200 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $46.85, for a total value of $103,070.00. Following the sale, the senior vice president now directly owns 19,869 shares of the company's stock, valued at approximately $930,862.65. This represents a 9.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

About V2X

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.