Walleye Capital LLC Takes Position in V2X, Inc. (NYSE:VVX)

Walleye Capital LLC bought a new stake in shares of 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 firm bought 11,972 shares of the company's stock, valued at approximately $573,000.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC boosted its stake in V2X by 23.8% in the 4th quarter. FMR LLC now owns 3,712,196 shares of the company's stock worth $177,554,000 after purchasing an additional 714,722 shares in the last quarter. 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. grew its holdings in shares of V2X by 1,014.6% during the fourth 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 last quarter. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 144,029 shares in the last quarter. Finally, Barclays PLC raised its holdings in V2X by 416.6% in the 4th quarter. Barclays PLC now owns 143,242 shares of the company's stock worth $6,853,000 after acquiring an additional 115,515 shares during the last quarter. 95.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial reduced their target price on V2X from $68.00 to $55.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley started coverage on V2X in a research report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price for the company. JMP Securities reaffirmed a "market outperform" rating and set a $80.00 price target on shares of V2X in a report on Friday, January 17th. Citigroup assumed coverage on shares of V2X in a report on Tuesday, January 21st. They set a "buy" rating and a $64.00 price objective for the company. Finally, Raymond James dropped their target price on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.90.

V2X Stock Performance

V2X stock traded up $0.31 during trading on Monday, reaching $50.12. The company had a trading volume of 107,755 shares, compared to its average volume of 184,986. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 179.01, a price-to-earnings-growth ratio of 0.61 and a beta of 0.45. 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 firm's 50-day simple moving average is $48.15 and its 200 day simple moving average is $52.93. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75.

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.