Quest Partners LLC Boosts Holdings in V2X, Inc. (NYSE:VVX)

Quest Partners LLC grew its holdings in shares of V2X, Inc. (NYSE:VVX - Free Report) by 1,341.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,698 shares of the company's stock after acquiring an additional 9,025 shares during the period. Quest Partners LLC's holdings in V2X were worth $542,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE increased its stake in V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company's stock valued at $57,000 after purchasing an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in V2X by 200.2% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company's stock valued at $60,000 after buying an additional 839 shares in the last quarter. nVerses Capital LLC bought a new stake in V2X in the 3rd quarter valued at about $95,000. SG Americas Securities LLC acquired a new position in V2X during the 3rd quarter worth approximately $199,000. Finally, Stephens Inc. AR bought a new position in V2X in the third quarter worth approximately $247,000. 95.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the sale, the general counsel now owns 10,634 shares of the company's stock, valued at $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the acquisition, the director now directly owns 41,516 shares in the company, valued at approximately $1,992,768. This trade represents a 8.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,936 shares of company stock valued at $572,928 over the last ninety days. 1.10% of the stock is currently owned by insiders.

V2X Stock Performance

Shares of NYSE VVX traded down $0.47 during mid-day trading on Friday, reaching $60.69. 265,384 shares of the company's stock were exchanged, compared to its average volume of 289,056. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 216.76 and a beta of 0.57. The firm has a 50-day moving average price of $60.23 and a two-hundred day moving average price of $52.91. 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 52 week low of $37.04 and a 52 week high of $69.75.

V2X (NYSE:VVX - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.29 earnings per share 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 analysts' expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 earnings per share. Analysts predict that V2X, Inc. will post 4.14 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. JMP Securities boosted their price target on shares of V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a research note on Tuesday, November 5th. Royal Bank of Canada restated an "outperform" rating and issued a $70.00 target price on shares of V2X in a report on Tuesday, November 5th. Robert W. Baird assumed coverage on V2X in a research report on Friday, October 11th. They issued an "outperform" rating and a $75.00 price target for the company. Baird R W raised shares of V2X to a "strong-buy" rating in a report on Friday, October 11th. Finally, Raymond James raised their price target on shares of V2X from $60.00 to $72.00 and gave the company a "strong-buy" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $70.60.

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.