Two Sigma Advisers LP Takes $340,000 Position in V2X, Inc. (NYSE:VVX)

Two Sigma Advisers LP purchased a new position in shares of V2X, Inc. (NYSE:VVX - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 7,100 shares of the company's stock, valued at approximately $340,000.

Several other large investors have also added to or reduced their stakes in the business. Two Sigma Investments LP grew its stake in V2X by 162.7% during the fourth quarter. Two Sigma Investments LP now owns 61,633 shares of the company's stock worth $2,948,000 after purchasing an additional 38,169 shares during the period. State of Wyoming bought a new position in shares of V2X in the fourth quarter valued at approximately $45,000. Sandia Investment Management LP bought a new stake in V2X during the fourth quarter worth $263,000. Simcoe Capital Management LLC lifted its holdings in V2X by 252.8% during the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock worth $35,057,000 after acquiring an additional 525,204 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in V2X during the fourth quarter worth $818,000. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Trading Up 0.5%

NYSE VVX opened at $44.58 on Friday. The stock has a 50-day moving average of $48.14 and a 200-day moving average of $50.16. The firm has a market cap of $1.41 billion, a PE ratio of 159.22, a price-to-earnings-growth ratio of 0.61 and a beta of 0.21. 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, Inc. has a 1-year low of $41.08 and a 1-year high of $69.75.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company posted $0.90 EPS. V2X's quarterly revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts forecast that V2X, Inc. will post 4.16 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

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.

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