V2X, Inc. (NYSE:VVX) Stock Holdings Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of V2X, Inc. (NYSE:VVX - Free Report) by 1,014.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,592 shares of the company's stock after purchasing an additional 210,814 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.73% of V2X worth $11,077,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in V2X by 17.2% during the 3rd quarter. FMR LLC now owns 2,997,474 shares of the company's stock worth $167,439,000 after purchasing an additional 439,852 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of V2X during the third quarter worth $14,659,000. Simcoe Capital Management LLC purchased a new stake in shares of V2X during the third quarter valued at $11,604,000. Systematic Financial Management LP increased its position in shares of V2X by 152.7% in the 2nd quarter. Systematic Financial Management LP now owns 279,486 shares of the company's stock valued at $13,404,000 after acquiring an additional 168,886 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in V2X in the 3rd quarter worth $5,229,000. Institutional investors own 95.18% of the company's stock.

Insider Buying and Selling at V2X

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the completion of the sale, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. This represents a 19.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VVX shares. Raymond James restated an "outperform" rating and set a $65.00 target price (down from $72.00) on shares of V2X in a research report on Thursday, January 2nd. JMP Securities reissued a "market outperform" rating and issued a $80.00 price objective on shares of V2X in a report on Friday. Baird R W upgraded V2X to a "strong-buy" rating in a research note on Friday, October 11th. Robert W. Baird initiated coverage on V2X in a research report on Friday, October 11th. They set an "outperform" rating and a $75.00 price target for the company. Finally, BTIG Research assumed coverage on V2X in a research report on Monday, November 25th. They issued a "buy" rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $66.86.

V2X Stock Performance

Shares of V2X stock traded up $1.21 on Friday, reaching $52.89. 135,041 shares of the stock were exchanged, compared to its average volume of 248,044. 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 has a market capitalization of $1.67 billion, a PE ratio of 188.91 and a beta of 0.59. V2X, Inc. has a 1-year low of $37.04 and a 1-year high of $69.75. The business has a fifty day moving average price of $54.69 and a two-hundred day moving average price of $54.61.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.07 by $0.22. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. As a group, research analysts anticipate that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

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.