Simcoe Capital Management LLC Takes $11.60 Million Position in V2X, Inc. (NYSE:VVX)

Simcoe Capital Management LLC purchased a new position in V2X, Inc. (NYSE:VVX - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 207,736 shares of the company's stock, valued at approximately $11,604,000. V2X makes up 1.5% of Simcoe Capital Management LLC's portfolio, making the stock its 14th biggest holding. Simcoe Capital Management LLC owned about 0.66% of V2X as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC boosted its holdings in shares of V2X by 112.3% in the second quarter. Quest Partners LLC now owns 673 shares of the company's stock worth $32,000 after buying an additional 356 shares during the period. US Bancorp DE increased its stake in shares of V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company's stock worth $57,000 after purchasing an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in V2X by 200.2% during the second 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 acquired a new position in V2X during the third quarter valued at approximately $95,000. Finally, SG Americas Securities LLC bought a new stake in shares of V2X during the 3rd quarter worth $199,000. Institutional investors own 95.18% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VVX. Royal Bank of Canada restated an "outperform" rating and set a $70.00 target price on shares of V2X in a research note on Tuesday, November 5th. Robert W. Baird began coverage on shares of V2X in a report on Friday, October 11th. They issued an "outperform" rating and a $75.00 price target for the company. JMP Securities upped their price objective on shares of V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a research report on Tuesday, November 5th. BTIG Research began coverage on V2X in a research report on Monday, November 25th. They set a "buy" rating and a $80.00 target price on the stock. Finally, Raymond James raised their price objective on V2X from $60.00 to $72.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $72.17.

Insider Buying and Selling

In other news, Director Eric M. Pillmore acquired 3,125 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the purchase, the director now directly owns 41,516 shares of the company's stock, valued at approximately $1,992,768. This trade represents a 8.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Jeremy John Nance sold 2,500 shares of the company'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 completion of the sale, the general counsel now owns 10,634 shares in the company, valued at $653,246.62. This represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 11,936 shares of company stock valued at $572,928. 1.10% of the stock is owned by corporate insiders.

V2X Price Performance

NYSE:VVX traded down $0.02 during mid-day trading on Monday, reaching $60.23. 401,366 shares of the company were exchanged, compared to its average volume of 122,856. V2X, Inc. has a 12 month low of $37.04 and a 12 month high of $69.75. The company has a fifty day moving average of $60.98 and a 200 day moving average of $53.39. The stock has a market cap of $1.90 billion, a PE ratio of 215.18 and a beta of 0.57. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

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

About V2X

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.