Man Group plc Takes $273,000 Position in V2X, Inc. (NYSE:VVX)

Man Group plc acquired a new position in shares of V2X, Inc. (NYSE:VVX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,711 shares of the company's stock, valued at approximately $273,000.

Other institutional investors have also bought and sold shares of the company. Nuveen Asset Management LLC increased its stake in shares of V2X by 42.9% in the fourth quarter. Nuveen Asset Management LLC now owns 187,553 shares of the company's stock worth $8,971,000 after purchasing an additional 56,349 shares in the last quarter. Millennium Management LLC lifted its position in V2X by 29.8% during the fourth quarter. Millennium Management LLC now owns 33,459 shares of the company's stock valued at $1,600,000 after purchasing an additional 7,682 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in V2X by 19.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,041 shares of the company's stock valued at $385,000 after purchasing an additional 1,288 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in V2X by 9.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 102,891 shares of the company's stock worth $4,921,000 after buying an additional 9,290 shares in the last quarter. Finally, Ethic Inc. increased its holdings in shares of V2X by 22.9% in the 4th quarter. Ethic Inc. now owns 9,178 shares of the company's stock worth $439,000 after buying an additional 1,713 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company's stock.

V2X Stock Down 0.0%

VVX stock traded down $0.01 during midday trading on Friday, hitting $45.29. The company's stock had a trading volume of 280,605 shares, compared to its average volume of 202,673. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75. The firm's 50-day moving average is $48.60 and its 200-day moving average is $50.42. 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 company has a market cap of $1.43 billion, a PE ratio of 161.76, a P/E/G ratio of 0.61 and a beta of 0.27.

V2X (NYSE:VVX - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. V2X had a return on equity of 13.49% and a net margin of 0.22%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $0.90 EPS. V2X's revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity

In other news, SVP Richard L. Jr. Caputo sold 2,200 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $46.85, for a total transaction of $103,070.00. Following the transaction, the senior vice president now directly owns 19,869 shares of the company's stock, valued at approximately $930,862.65. This trade represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

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.