D. E. Shaw & Co. Inc. Has $2.64 Million Position in V2X, Inc. (NYSE:VVX)

D. E. Shaw & Co. Inc. increased its holdings in V2X, Inc. (NYSE:VVX - Free Report) by 191.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,159 shares of the company's stock after purchasing an additional 36,217 shares during the period. D. E. Shaw & Co. Inc. owned 0.17% of V2X worth $2,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. boosted its holdings in V2X by 24.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after acquiring an additional 288 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of V2X by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock worth $114,000 after acquiring an additional 814 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of V2X in the fourth quarter worth about $134,000. Aquatic Capital Management LLC acquired a new position in shares of V2X in the fourth quarter worth about $171,000. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in V2X by 15.3% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock valued at $201,000 after buying an additional 558 shares during the last quarter. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Stock Down 1.9%

NYSE:VVX traded down $0.89 during trading hours on Friday, hitting $45.55. 268,224 shares of the stock traded hands, compared to its average volume of 200,042. The firm has a 50 day moving average price of $49.11 and a 200 day moving average price of $51.07. 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 fifty-two week low of $41.08 and a fifty-two week high of $69.75. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 162.67, a PEG ratio of 0.61 and a beta of 0.27.

V2X (NYSE:VVX - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.98 earnings per share (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 business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $0.90 earnings per share. V2X's quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VVX. Morgan Stanley initiated coverage on V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective for the company. Truist Financial reduced their price objective on V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada cut 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, Raymond James cut 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. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.67.

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.