Prospector Partners LLC Sells 10,600 Shares of V2X, Inc. (NYSE:VVX)

Prospector Partners LLC reduced its holdings in V2X, Inc. (NYSE:VVX - Free Report) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,710 shares of the company's stock after selling 10,600 shares during the quarter. Prospector Partners LLC owned 0.30% of V2X worth $4,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of V2X by 51.9% during the 4th 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 during the last quarter. KLP Kapitalforvaltning AS bought a new stake in V2X during the fourth quarter worth about $134,000. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of V2X by 15.3% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock worth $201,000 after purchasing an additional 558 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of V2X during the 3rd quarter valued at about $207,000. Finally, Paloma Partners Management Co purchased a new position in shares of V2X during the 3rd quarter valued at about $219,000. Hedge funds and other institutional investors own 95.18% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on VVX. 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 note on Tuesday, February 25th. Raymond James cut their price objective on shares of V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Citigroup began coverage on shares of V2X in a research report on Tuesday, January 21st. They issued a "buy" rating and a $64.00 target price on the stock. JMP Securities restated a "market outperform" rating and set a $80.00 price target on shares of V2X in a research report on Friday, January 17th. Finally, The Goldman Sachs Group assumed coverage on V2X in a report on Thursday, December 12th. They issued a "sell" rating and a $54.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, V2X currently has an average rating of "Moderate Buy" and a consensus target price of $65.38.

V2X Trading Up 2.2 %

Shares of VVX stock traded up $1.08 during mid-day trading on Friday, reaching $49.52. The stock had a trading volume of 50,239 shares, compared to its average volume of 181,614. The firm has a market capitalization of $1.56 billion, a PE ratio of 175.18, a price-to-earnings-growth ratio of 0.61 and a beta of 0.45. The stock's 50-day moving average price is $47.97 and its two-hundred day moving average price is $53.73. 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 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.