Connor Clark & Lunn Investment Management Ltd. Trims Stock Position in V2X, Inc. (NYSE:VVX)

Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of V2X, Inc. (NYSE:VVX - Free Report) by 34.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,433 shares of the company's stock after selling 23,522 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.14% of V2X worth $2,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quest Partners LLC lifted its holdings in shares of V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company's stock worth $32,000 after purchasing an additional 356 shares during the period. Assenagon Asset Management S.A. raised its position in V2X by 1.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 20,778 shares of the company's stock worth $1,161,000 after buying an additional 394 shares during the last quarter. US Bancorp DE lifted its stake in V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company's stock valued at $57,000 after acquiring an additional 460 shares during the period. Lakewood Asset Management LLC boosted its holdings in shares of V2X by 8.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 6,185 shares of the company's stock valued at $345,000 after acquiring an additional 462 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of V2X by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,225 shares of the company's stock worth $347,000 after acquiring an additional 468 shares during the period. Hedge funds and other institutional investors own 95.18% of the company's stock.

Insider Activity

In other V2X news, Director Eric M. Pillmore purchased 3,125 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director now owns 41,516 shares of the company's stock, valued at $1,992,768. The trade was a 8.14 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeremy C. Wensinger acquired 6,250 shares of the business's stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $48.00 per share, with a total value of $300,000.00. Following the acquisition, the chief executive officer now owns 6,250 shares in the company, valued at $300,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,936 shares of company stock worth $572,928 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VVX shares. Royal Bank of Canada restated an "outperform" rating and set a $70.00 target price on shares of V2X in a research report on Tuesday, November 5th. JMP Securities boosted their price objective on V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a report on Tuesday, November 5th. Raymond James raised their target price on V2X from $60.00 to $72.00 and gave the stock a "strong-buy" rating in a report on Tuesday, November 5th. Robert W. Baird initiated coverage on V2X in a report on Friday, October 11th. They issued an "outperform" rating and a $75.00 price target for the company. Finally, Baird R W upgraded V2X to a "strong-buy" rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $72.17.

V2X Price Performance

VVX stock traded down $0.11 during mid-day trading on Monday, reaching $60.58. 336,053 shares of the company's stock were exchanged, compared to its average volume of 121,061. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. V2X, Inc. has a 12-month low of $37.04 and a 12-month high of $69.75. The stock's 50 day moving average is $60.23 and its 200 day moving average is $52.95. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 216.44 and a beta of 0.57.

V2X (NYSE:VVX - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.22. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. On average, research analysts expect that V2X, Inc. will post 4.14 EPS for the current year.

V2X Company 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.