31,075 Shares in V2X, Inc. (NYSE:VVX) Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in V2X, Inc. (NYSE:VVX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 31,075 shares of the company's stock, valued at approximately $1,485,000. Hsbc Holdings PLC owned approximately 0.10% of V2X at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. FMR LLC boosted its position in V2X by 23.8% during the fourth quarter. FMR LLC now owns 3,712,196 shares of the company's stock valued at $177,554,000 after buying an additional 714,722 shares during the period. Victory Capital Management Inc. bought a new position in shares of V2X in the fourth quarter worth approximately $13,947,000. Assenagon Asset Management S.A. boosted its position in V2X by 1,014.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company's stock valued at $11,077,000 after buying an additional 210,814 shares during the period. Vanguard Group Inc. increased its position in shares of V2X by 19.1% in the fourth quarter. Vanguard Group Inc. now owns 898,112 shares of the company's stock valued at $42,957,000 after acquiring an additional 144,029 shares during the period. Finally, Barclays PLC boosted its holdings in shares of V2X by 416.6% during the fourth quarter. Barclays PLC now owns 143,242 shares of the company's stock worth $6,853,000 after purchasing an additional 115,515 shares during the period. 95.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley started coverage on V2X in a research note on Wednesday, April 16th. They set an "underweight" rating and a $51.00 target price on the stock. Raymond James reduced their price target on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Citigroup began coverage on V2X in a report on Tuesday, January 21st. They set a "buy" rating and a $64.00 target price on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $80.00 target price on shares of V2X in a research report on Friday, January 17th. Finally, Royal Bank of Canada dropped their price objective on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, V2X has an average rating of "Moderate Buy" and an average target price of $62.90.

V2X Price Performance

Shares of VVX traded down $0.33 during mid-day trading on Monday, reaching $49.10. The stock had a trading volume of 130,972 shares, compared to its average volume of 185,996. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75. The business has a fifty day moving average of $48.65 and a 200 day moving average of $52.43. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 175.36, a PEG ratio of 0.61 and a beta of 0.27.

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, beating the consensus estimate of $0.91 by $0.07. V2X had a return on equity of 13.49% and a net margin of 0.22%. During the same quarter last year, the firm posted $0.90 EPS. The firm's revenue was up .5% on a year-over-year basis. Equities analysts predict that V2X, Inc. will post 4.16 EPS for the current year.

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.