Renaissance Technologies LLC Increases Stock Position in V2X, Inc. (NYSE:VVX)

Renaissance Technologies LLC grew its stake in shares of V2X, Inc. (NYSE:VVX - Free Report) by 268.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,364 shares of the company's stock after acquiring an additional 88,464 shares during the period. Renaissance Technologies LLC owned about 0.38% of V2X worth $5,805,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VVX. Harel Insurance Investments & Financial Services Ltd. raised its holdings in V2X by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock worth $114,000 after purchasing an additional 814 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of V2X during the 4th quarter worth $134,000. Edmond DE Rothschild Holding S.A. boosted its position 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 buying an additional 558 shares in the last quarter. LPL Financial LLC grew its stake in V2X by 11.0% in the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock valued at $245,000 after acquiring an additional 508 shares during the last quarter. Finally, Olympiad Research LP increased its holdings in V2X by 19.1% during the 4th quarter. Olympiad Research LP now owns 6,382 shares of the company's stock valued at $305,000 after acquiring an additional 1,022 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company's stock.

V2X Trading Up 2.4 %

Shares of V2X stock traded up $1.16 during trading hours on Thursday, hitting $48.89. The company's stock had a trading volume of 21,434 shares, compared to its average volume of 183,631. The business has a fifty day moving average of $47.85 and a 200 day moving average of $53.25. V2X, Inc. has a 1-year low of $41.08 and a 1-year high of $69.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $1.54 billion, a PE ratio of 174.70, a P/E/G ratio of 0.61 and a beta of 0.45.

Analysts Set New Price Targets

Several brokerages have issued reports on VVX. Truist Financial reduced their price target on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Citigroup initiated coverage on V2X in a report on Tuesday, January 21st. They set a "buy" rating and a $64.00 target price on the stock. Royal Bank of Canada cut their price target on V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Raymond James reduced their price objective on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Finally, Morgan Stanley initiated coverage on shares of V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.90.

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.